Gold Gains Amid Iran-US Peace Hopes

Gold prices rose by 0.7% to reach $4,464.69 per ounce, supported by a decline in oil and the dollar, amid optimism about reaching a solution to the crisis between the United States and Iran following the announcement of a ceasefire between Israel and Lebanon. Additionally, the U.S. House of Representatives approved a resolution preventing Trump from continuing the war against Iran, which boosted hopes for easing the regional escalation. Analysts expect the gold rally to continue in the long term, with a tendency to reach the $5,000 level, amid declining markets driven by positive news.

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