Gold rises on weaker dollar and US-Iran peace deal hopes
Gold prices rose on Thursday as a weaker dollar and optimism for a US-Iran peace deal supported the market. Investors hope a deal will lower energy costs.
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Gold prices climbed on Thursday as a softening dollar and growing hopes for a diplomatic resolution between the United States and Iran bolstered investor sentiment. Spot gold prices rose 0.7% to reach $4,821.44 per ounce, while futures for June delivery in the American market gained 0.4% to trade at $4,844.40.
