finance
Gold Prices Rise as Dollar and Oil Ease on U.S.-Iran Deal Prospects
Spot gold rose 1.1 percent to $4,559.07 per ounce on Monday. U.S. gold futures for June delivery gained 0.8 percent to $4,559.80.
May 25, 5:22 AM·1m read1 source
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U.S. 80. -Iran negotiations reduced the dollar's value and lowered oil prices.
Trump stated on Saturday that Washington and Iran had largely negotiated a memorandum of understanding on a peace deal that would reopen the Strait of Hormuz. U.S. will either reach a good agreement with Iran or deal with the country another way. The dollar reached its lowest levels in a week, making gold priced in dollars more affordable for foreign buyers.
Oil prices fell to two-week lows, easing inflation expectations that can influence interest-rate decisions.
79 per ounce.
70.
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