Gold Rally Loses Momentum — Trump Claims Israel Accepts 60-Day Ceasefire Deal as Gaza Tensions Show Signs of Cooling

TradingKey
2025.07.02 09:51
portai
I'm PortAI, I can summarize articles.

Reports indicate that Israel has agreed to a 60-day ceasefire in Gaza, with discussions led by Israeli Prime Minister Netanyahu's advisor in Washington. Trump announced this development, emphasizing mediation by Qatar and Egypt. Previous ceasefire attempts have failed, but the current situation, alongside a weaker U.S. dollar, is impacting gold prices, which are losing momentum after a previous surge due to geopolitical tensions.