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Commodities

Gold Soars to Three-Month Highs on Iran Sanctions

Guavy AI Editorial Team
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Gold
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The price of gold has surged to three-month highs after US Treasury Secretary Scott Bessent announced sanctions on Iran-linked entities, including digital assets and technology.

Bullion cleared its 200-day Simple Moving Average (SMA) last Friday, opening the door for further gains.

The XAU/USD pair trades at $4,631, up 0.62%, with investors awaiting a speech by new Fed Chair Kevin Warsh at the Jackson Hole symposium on Friday.

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