Gold gains as oil falls after Trump delays Iran strike

Gold prices rose today, Monday, as U.S. President Donald Trump halted a new attack on Iran, easing concerns over inflation and causing oil prices to fall by more than five dollars per barrel. Spot gold increased by 0.7% to reach $4,067.06 per ounce, while futures contracts rose by 0.9% to $4,065.60. This comes amid market worries about ongoing inflation and expectations of interest rate hikes, with American employment data due to be released this week. Additionally, other precious metals saw gains, with silver up 0.7% at $58.02 per ounce, platinum rising 0.7% to $1,653.78, and palladium increasing 1.5% to $1,293.

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