Gold Gains as Middle East Peace Optimism Pushes Dollar, Oil Prices Lower

Gold gains as Middle East peace optimism pushes dollar, oil prices lower

Gold rose as hopes of a resolution to the ​Middle East conflict pushed ​the dollar and oil ​prices lower, easing fears of higher inflation and interest rate hikes.

Gold Gains as Dollar Weakens, Oil Slips Amid Hopes of US-Iran Peace Deal

Gold prices moved higher on Thursday, supported by a softer U.S. dollar and declining oil prices as investors evaluated growing optimism around a potential resolution to the conflict involving the United States, Israel, and Iran. Spot gold rose 0.7% to $4,464.69 per ounce, while U.S. gold futures gained 0.6%. Market sentiment improved after Israel and Lebanon agreed to implement a ceasefire, raising hopes for broader peace negotiations in the re…

Gold rises on softer dollar, oil as markets weigh US-Iran peace optimism

Gold prices gained on Thursday, supported by lower crude oil prices and a weaker dollar, as investors assessed renewed expectations for a resolution to the US-Israeli war with Iran. Spot gold was up 0.7% at $4,464.69 per ounce, as of 0408 GMT. US gold futures for August delivery gained 0.6% to $4,491.70. The dollar eased, making greenback-priced bullion more affordable for holders of other currencies. “Gold’s gains are still very much at the mer…

Gold climbs as weaker dollar and easing oil prices boost demand

Gold advanced on Thursday as a weaker dollar and easing oil prices supported demand for bullion, while investors weighed renewed optimism over a possible resolution to the US-Israeli war with Iran.Spot gold rose 0.7% to $4,461.09 an ounce as of 0218 GMT. US August gold futures gained 0.5% to $4,487.90.The move came as the dollar softened, making bullion priced in the greenback cheaper for buyers using other currencies. Oil prices also eased in e…