Gold rises on optimism over US and Iran peace talks
Spot gold rose 0.4% to $4,499.69 per ounce as diplomatic progress between the United States and Iran eased geopolitical tensions. Investors are now awaiting the Federal Reserve April meeting minutes to assess the future path of interest rates.
Gold rose 0.4% to $4,499.69 per ounce as optimism regarding a United States and Iran peace deal eased interest rate concerns. Gold had hit its lowest level since March 30 in the previous session. For investors, the shift suggests a temporary reprieve from the hawkish sentiment that has dominated bullion markets.
### Geopolitical De-escalation Supports Bullion U.S. Vice President JD Vance stated that both nations have made progress in talks to avoid resuming military campaigns. This follows comments from President Donald Trump, who noted he had postponed a planned strike on Iran. The cooling of Middle East tensions has reduced the immediate risk premium, allowing markets to focus on shifting monetary expectations.
