Gold rises for third day on US Iran peace optimism
Gold prices rose for a third day on Thursday as hopes for a U.S.-Iran peace deal weakened the dollar. Investors now await Friday's key U.S. employment report.
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Gold rose 1% to $4,738.86 per ounce on May 7, marking its third consecutive session of gains. Prices hit their highest level since April 27 after climbing 3% during the previous session. Investors are pivoting to bullion as cooling geopolitical tensions between the United States and Iran lower inflation expectations.
