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Gold extends gains and moves above $4,750 an ounce as falling oil prices improve the outlook for precious metals. Optimism over a potential U.S.-Iran agreement to resume peace talks has boosted risk sentiment and eased concerns about further Federal Reserve rate hikes. MUFG’s Soojin Kim says lower oil prices and softer inflation worries have pushed bond yields and the dollar lower, supporting gold.

CHINA AUTO INDUSTRY BODY CPCA SAYS LI AUTO SOLD 34,085 VEHICLES IN APRIL