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Gold shows early signs of reclaiming safe-haven appeal after Iran war selloff
- Gold has rebounded about 9% in August to roughly $4,400/oz, suggesting institutional investors and central banks may be rebuilding positions.
- Lower oil and softer U.S. inflation have eased rate‑hike fears, helping gold break key resistance levels this month.
- Headwinds remain — a renewed Iran flare‑up or oil spike, weak jewellery/ETF demand, and technical resistance near $4,500 could cap gains.
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