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2026-08-06 22:29
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ID #6220
August 6 Gold and Silver Spot Prices: Spot Gold Breaks $4300, Reaching a Seven-Week High as Geopolitical Easing and Interest Rate Cooling Ignite Asian Session
On the Asian session of August 6th, spot gold strongly surpassed the $4300/ounce mark for the first time since June 18th, while spot silver simultaneously broke through $62. Gold and silver have risen for the fourth consecutive trading day, both setting new seven-week highs. This trend is driven by expectations of easing geopolitical tensions between the US and Iran, a weakening US dollar, falling US Treasury yields, and weak ADP employment data. Domestic gold jewelry prices surged by over 60 yu
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