Gold Jumps 2% As US-Iran Peace Deal Weakens Dollar, Eases Inflation Fears | Iran US War Ends

Gold prices rose 2% after US and Iranian officials announced a preliminary framework agreement to end their conflict, a development that pushed oil prices lower, weakened the US dollar and eased concerns over inflation and higher interest rates.In the international market, spot gold climbed 2% to $4,304.11 an ounce by 0122 GMT, its highest level since June 9, according to Reuters. US gold futures for August delivery also gained 2% to $4,325.20 per ounce. n18oc_breaking-news n18oc_world