Gold gained ground as traders reacted to ceasefire in the Middle East. U.S. and Iran agreed to a two-week ceasefire, which should provide sufficient time to negotiate a peace deal. Oil markets suffered a sell-off as traders reacted to the news. WTI oil and Brent oil settled near the $95.00 level. It should be noted that oil prices moved away from recent lows as Israel continued its operation against Hezbollah in Lebanon. Iran believes that Israel-Hezbollah conflict is part of the ceasefire deal. Israel plans to continue its operations in Lebanon. Iran blocked the Strait of Hormuz again due to Israel’s actions. Put ... (full story)