Gold Hits Weekly High After US-Iran Peace Deal
Gold prices rose to a weekly high during Asian trading on Monday after the US and Iran reached a peace deal, easing inflation and interest rate concerns.
XAUUSD
Gold (XAU/USD) climbed to a weekly high in Asian trade on Monday, rebounding as the United States and Iran reportedly reached a peace agreement to end their conflict.
The deal eased market fears over inflation and potential rate hikes, supporting demand for the precious metal. The move marks a sharp reversal from recent pressure on gold prices amid geopolitical tensions.
Traders are now watching for further developments and any impact on global risk sentiment.
Source: FXStreet Forex News