Gold Hits $4,300 as US-Iran Deal Cuts Oil Prices

📡 Anadolu Ajansı RSS various categories 17h ago · 1 min read ·

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Gold prices jumped 2% on Tuesday, climbing above $4,300 per ounce for the first time. The surge marks the third straight session of gains for bullion. The rally came as oil prices fell to a two-month low after the United States and Iran reached a peace deal. The agreement includes reopening the Strait of Hormuz, a key shipping route for global oil supplies. Lower oil prices ease fears of inflation, making gold a more attractive investment.