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Gold hits 2-week high as Iran diplomacy kindling fires ahead of Fed 'hold' meeting
A rare sign of diplomatic life around the Iran conflict emerged on Wednesday, with Iran's Interior Minister Eskandar Momeni visiting mediator Pakistan and asking Islamabad to continue its efforts, according to a Reuters report, even as gold and oil both pushed higher on the underlying conflict that has dominated markets this week. Spot gold rose circa 0.9 percent to around 4,130 dollars an ounce, its highest level since July 10, while US gold futures for August delivery jumped. The move was driven partially also by investors positioning ahead of next week's Federal Reserve meeting, expected to be on hold. The gold ... (full story)
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- Jul 21, 10:15pm | 8 hr ago Posted byFundamental Analysis105
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