Gold Prices Rise on Weak Dollar and Iran Peace Hopes
Spot gold rose 0.4 percent to 4,726.62 dollars per ounce on Monday as a softer dollar and reports of a new Iranian peace proposal supported market sentiment.
Xurve View
Insights:
Xurve View
Gold prices edged higher on Monday as a softer dollar and reports of a potential peace proposal from Iran sparked hopes for a de-escalation in Middle East tensions. Spot gold rose 0.4% to $4,726.62 per ounce, recovering slightly after a 2.5% decline last week that ended a four-week winning streak. Meanwhile, United States gold futures for June delivery remained steady at $4,742.
