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Event Brief

Gold and silver rally may resume as war fog lifts

Spot gold rose 1.2% as market watchers said the rally could continue if U.S.-Iran talks progress.
WHO: market watchers
WHAT: Spot gold jumped 1.2% and watchers expect further gains
WHEN: May 7, 2026 at 7:26 AM ET
WHERE: USA
WHY: The move reflects hopes the U.S. and Iran are nearing a deal to end the 69-day war.

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