Gold Heads for Weekly Loss as Middle East Truce Saps Demand
Gold headed for its second consecutive weekly loss, after a ceasefire between Israel and Iran dented demand for havens.
Bullion edged lower early in Asia to around $3,315 an ounce and was down about 1.5% for the week. The precious metal has generally been confined to a narrow trading band this week, except for Tuesday when it slumped as the Middle East rivals honored a ceasefire agreement after almost two weeks of warfare.
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