Trump's Iran Deal Hopes Send Gold Prices Higher Amid Slumping Oil
Gold prices rose on Monday as oil prices fell following US President Donald Trump's decision to hold off on fresh attacks on Iran in hopes of a swift deal. This development slightly eased concerns over inflation and higher interest rates.
The spot gold price was up 0.4% at $4,055.76 per ounce as of 0210 GMT. U.S. gold futures rose 0.9% to $4,054.00.