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Gold Gains on Iran Peace Hopes
Gold prices rose today, supported by optimism over a peace agreement between the United States and Iran, which is expected to ease tensions in the Middle East and reopen oil export routes. This helped reduce inflation fears. The spot gold price increased by 0.3% to $4,269.42 per ounce, while futures declined by 2.1% to $4,288.72, after dropping by 1.7% in the previous session due to the strength of the dollar and rising Treasury yields. The precious metal remains influenced by expectations regarding a potential US interest rate hike, with several Federal Reserve officials anticipating at least one rate increase in 2026.
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