Commodities
Gold Prices Rise Amid US-Iran Talks Uncertainty and Labor Market Reports
Gold prices rose on Tuesday as investors assessed mixed signals from potential US-Iran talks and awaited key labor market reports for clues on the Federal Reserve's interest rate trajectory.
The spot gold price gained 0.6% to $4,078.10 per ounce, while U.S. gold futures increased by 1.1% to $4,134.60.
The increase in gold prices was supported by a decline in oil prices, which tempered inflation fears and lowered bets on interest rate hikes.
Investors are waiting for further clues on the Federal Reserve's policy path, with several labor market reports scheduled this week.