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Gold Surges 1.54% to $4,816 as Investors Flock to Safe Haven Amid Geopolitical Easing and Dollar Weakness

Gold Surges 1.54% to $4,816 as Investors Flock to Safe Haven Amid Geopolitical Easing and Dollar Weakness

NEW YORK — Gold prices climbed sharply Wednesday, rising 1.54% to $4,816.30 per ounce as investors sought refuge in the precious metal despite signs of de-escalation in the U.S.-Iran conflict, with easing oil pressures and a softer U.S. dollar providing fresh momentum to the ongoing bull run.