Gold hits highest since June 9
Gold prices surged by over 2.5%, moving away from their lowest levels since June, after Tehran and Washington announced an agreement to end their conflict. This development led to a decline in oil prices and a calming of inflation fears and concerns over rising interest rates. The spot price of an ounce in the market reached $4,322.87, while futures for the same month rose to $4,344.80. Other precious metals also saw notable gains, with silver increasing by 3.6% to $70.39, platinum rising by 3.3% to $1,773.70, and palladium up by 3.3% to $1,324.75.
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