Gold Soars on Ceasefire Hopes Amid US-Iran Tensions
Gold prices have risen on hopes of another ceasefire in the US-Iran conflict. The spot price opened the new week at levels around $4090 per ounce, marking a slight increase from previous days.
The recent surge in gold prices is attributed to the ongoing tensions between the two nations and the potential for further escalation. Oil prices also eased on Friday, reaching levels around $97 per barrel.