Gold rose more than 1% on Thursday, recouping losses from the previous session, as a drop in oil prices following a US-Iran interim agreement dampened inflation expectations and supported bullion. Spot gold was up 1.4% at $4,316.42 per ounce, as of 0242 GMT, after declining 1.7% on Wednesday. ​U.S. gold futures for August delivery fell 1% to $4,336.70. “It’s a bit of short ​position unwinding (in gold) given yesterday’s steep fall and the reason for the ⁠short unwinding is also due to the positive news coming out from the Middle ​East, which has caused oil prices to fall,” said Kelvin Wong, a senior market analyst ... (full story)