Gold turns positive as oil eases on hopes for Iran talks

Gold edges higher on Iran negotiation hopes

WASHINGTON – Spot gold was at $4,627.63 an ounce after falling to a session low of $4,559.48. Despite the rebound, the metal remains on track for a weekly loss of about 1.7 Percent.US gold futures for June delivery rose 0.4 percent to $4,649.60.Chris Gaffney, head of global markets at EverBank, said, “Positive news regarding negotiations to end the war with Iran contributed to gold prices recovering from their early morning losses.”He added: “En…

Gold edges higher as Iran talks lift market sentiment - Times Kuwait

Gold prices inched higher on Friday, recovering from earlier losses of more than 1 percent, as renewed optimism over potential negotiations between the United States and Iran eased inflation concerns and supported market sentiment. Spot gold rose to $4,627.63 an ounce by 5:50 p.m. GMT after touching a session low of $4,559.48. Despite the rebound, the metal remains on track for a weekly decline of around 1.7 percent. Meanwhile, US gold futures f…

Gold turns positive as oil eases on hopes for Iran talks

Spot gold was up 0.3% to $4,636.72 per ounce at 10:36 a.m. ​ET