Gold edges up as rate-hike fears ease; Fed rate decision in focus

Gold prices are climbing for the fifth consecutive session. Optimism surrounding a U.S.-Iran peace deal is easing concerns about interest rate hikes. Investors are now awaiting details of the deal and the Federal Reserve’s policy meeting. Projections suggest U.S. short-term borrowing costs will remain unchanged throughout the year. Reserve managers anticipate increasing their gold holdings.

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