Gold gains over 1% 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 led to lower oil prices and a weaker U.S. dollar. The deal may affect expectations of future interest rate hikes.

• Gold rose over 1% after US and Iran reached a peace deal
• Oil prices fell more than 4% and U.S. dollar dropped to a 10-day low
• Markets now have a 64% chance of a U.S. interest rate hike in December