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Gold prices showed a rebound on Thursday, supported by continued USD weakness and anticipation of upcoming US-Iran negotiations. Buyers are testing the $5,200 level, which has become a key resistance. The US Dollar's decline, driven by mixed economic data and geopolitical tensions, is fueling demand for safe-haven assets like gold. The outcome of US-Iran talks could further influence market sentiment and gold's trajectory. This development is significant for commodity traders and investors seeking hedging opportunities.
