Gold increases following US-Iran peace deal
Gold prices rose by over 2.3%, reaching their highest level since June, after American and Iranian officials announced an agreement to end the conflict between the two countries and lift the sanctions on Iran. This development led to a decline in oil and dollar prices. Analysts stated that this agreement could help ease inflation expectations and boost gold's appeal as a store of value. Additionally, other precious metals such as silver, platinum, and palladium saw significant increases following the news.
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