pakistan
Gold rises as US-Iran peace optimism pulls oil prices lower
Key takeaways
- Add ARY News on Google AAResize Gold firmed on Monday, recovering from an over one-week low hit in the previous session, as progress in U.S.–Iran peace talks weighed on oil prices and tempered some inflation concerns.
- Spot gold rose 0.4% to $4,174.90 per ounce by 12:12 p.m.
- U.S. gold futures for August delivery fell 1.2% to $4,193.90 per ounce.
Why this matters: local context for readers following news across Pakistan and the region.
Add ARY News on Google AAResize Gold firmed on Monday, recovering from an over one-week low hit in the previous session, as progress in U.S.–Iran peace talks weighed on oil prices and tempered some inflation concerns.
Spot gold rose 0.4% to $4,174.90 per ounce by 12:12 p.m. ET (1612 GMT). Prices touched their lowest since June 11 on Friday.
U.S. gold futures for August delivery fell 1.2% to $4,193.90 per ounce.
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