Gold climbs 2.5% on peace deal
Gold prices rose by 2.5% after the United States and Iran reached an agreement to end the war, halting inflation concerns and reducing expectations for interest rate hikes. The price of gold reached $4,350 per ounce, the highest level since June 9, with an increase of over 4% to surpass $71 per ounce. This development also led to a 5% decline in oil and caused the dollar to drop to its lowest level in 10 days, with expectations that the continuation of the agreement may ease inflation risks and influence interest rate hike decisions.
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