Gold bounces above $4,300 as US-Iran peace deal offsets Fed hawkish hold

Gold has reclaimed the $4,300 level in Thursday's Asian session, bouncing back after recent losses. The recovery is attributed to the signing of the US-Iran peace deal, which injected positive sentiment into the markets.

The bounce comes despite the Federal Reserve's hawkish hold on monetary policy. The central bank's decision had initially weighed on gold, but the geopolitical development has offset that pressure, pushing the precious metal higher.