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Gold retreats below $4,100 after US President Trump says Iran ceasefire is "over"

Gold (XAU/USD) sees a sharp move lower on Wednesday after US President Donald Trump declared that the ceasefire deal with Iran was “over” and said that dealing with Tehran is “a waste of time” while speaking at the NATO Summit in Ankara, Turkey.

Bearish · Gold (XAU/USD) fxstreet news Wed, 08 Jul 2026 11:23:54 UTC

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