Gold rises over 1% as US-Iran peace deal optimism eases rate hike bets (opens original article in a new tab)

Gold rises over 1% as US-Iran peace deal optimism eases rate hike bets

• Gold prices rose over 1% as U.S.-Iran peace deal optimism reduced inflation fears
• U.S. gold futures for August delivery settled 0.1% higher at $4,354.4
• Brent crude futures dropped below $80 a barrel after the interim deal announcement
• Markets reduced expectations for a Fed rate hike in December to 60% from 70% last week
• Spot silver rose 0.3% to $70.22 per ounce
• Platinum gained 2.8% to $1,816.65 and palladium firmed 0.7% to $1,358.06