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April 22 - Gold prices retreated 2% on Monday as easing fears of a wider Middle East conflict boosted investors' risk appetite, lowering bullion's safe-haven demand.
Worries of ongoing tensions between Iran and Israel becoming an all-out war fading a little bit has stopped safe-haven trade that supported gold prices, said Ricardo Evangelista, senior analyst at ActivTrades. Gold reached $2,417.59 per ounce in the previous session, approaching the April 12 record high of $2,431.29 as investors sought refuge in the metal's safe-haven.
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