Gold futures gapped higher on the open Monday after President Trump announced at a press conference ahead of the G7 summit that a peace deal with Iran had been finalized. "The deal's all signed," Trump told reporters, adding that the Strait of Hormuz would be fully open by Friday. The most active gold futures contract rose $91, or 2.15%, to settle at $4,331 — a move driven primarily by the geopolitical development. The announcement triggered sharp moves across multiple asset classes. Crude oil fell steeply, dropping 4.87% to close at $80.75 per barrel, as traders priced in resumed Strait of Hormuz traffic and an ... (full story)