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Gold rallies above $4,350 as oil prices tumble, but analysts say recovery is not complete
The gold market is seeing some solid follow-through buying at the start of the week, as prices have rallied more than 3% early in the North American trading session. The precious metal is seeing its best percentage gains since early February. Spot gold last traded at $4,351 an ounce, up more than 3% on the day. Analysts note that gold is reacting to news that the U.S. and Iran will sign a peace deal on Friday, ending the latest months-long conflict in the Middle East. The news has pushed oil prices below $80 a barrel, which in turn is easing inflation pressures. Although gold has bounced significantly from last ... (full story)
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- Jun 15, 1:58pm | 8 hr ago Posted byFundamental Analysis92
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