Gold rises 2% after US, Iran reach peace deal (opens original article in a new tab)

Gold gained over 1% following a U.S.-Iran peace deal, which also caused oil prices to drop and the U.S. dollar to fall, with markets adjusting interest rate expectations.

• Gold rose over 1% after U.S. and Iran reached a peace deal
• Oil prices fell over 4% and U.S. dollar dropped to 10-day low
• Markets now have 64% chance of U.S. interest rate hike in December
• Peace deal includes ending conflict, lifting U.S. blockade of Iran, and reopening Strait of Hormuz