Gold climbs past $4,500 as Middle East ceasefire weakens dollar and drags oil lower
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Gold prices have risen, surpassing $4,500, amid a reported ceasefire in the Middle East that has weakened the dollar. The situation has also led to lower oil prices, although the impact of the ceasefire on the market is not entirely clear. Some reports suggest that the ceasefire is one of several factors affecting gold prices, which have climbed for four straight weeks, with a weak dollar and other economic indicators also playing a role.