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Gold rises on softer dollar, oil as markets weigh US-Iran peace optimism
Gold prices gained on Thursday, supported by lower crude oil prices and a weaker dollar, as investors assessed renewed expectations for a resolution to the US-Israeli war with Iran. Spot gold was up 0.7% at $4,464.69 per ounce, as of 0408 GMT. US gold futures for August delivery gained 0.6% to $4,491.70. The dollar eased, making greenback-priced bullion more affordable for holders of other currencies. “Gold’s gains are still very much at the mercy of oil and the dollar. It only moves higher when they pull back, making it highly dependent on positive US-Iran headlines for any sustained momentum,” said Tim ... (full story)
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