
Gold edged higher, trading near $4,700 an ounce, as traders balanced a reported diplomatic push for a ceasefire with President Trump's threats to escalate U.S. attacks on Iran. Competing signals — hopes for de‑escalation versus the risk of wider conflict and higher energy prices — drove cross-asset volatility. The move reflected broader market reactions, including falling equity futures and rising oil, and ongoing swings in precious metals.
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