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macroAug 4, 2026, 5:54 PM

Gold Advances on Iran Deal Hopes, Lower US Yields

Gold prices rose 0.75% on Tuesday, supported by falling oil prices and US Treasury yields, along with improved risk appetite from Iran deal optimism.

XAUUSD

Gold climbed on Tuesday, with XAU/USD gaining around 0.75%. The move came as oil prices declined and US Treasury yields fell, making the non-yielding metal more attractive.

Additionally, hopes surrounding a potential Iran deal bolstered risk appetite, further supporting the precious metal's advance to a two-day high.

Source: FXStreet Forex News