Gold set for third weekly gain as Iran ceasefire optimism tempers US rate outlook

April 10, 2026

Gold prices dipped slightly on Friday due to a stronger dollar, yet are poised for a third consecutive weekly gain. Renewed optimism for a U.S.-Iran ceasefire has eased inflation fears and expectations of further U.S. interest rate hikes, offering support to the precious metal despite lingering geopolitical risks.

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