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.
Article preview — originally published by ARY News. Full story at the source.
Read full story on ARY News →
More top stories
Also covered by
Pakistan Observer
US relaxes Iran Oil Sanctions as final peace deal nears
Investing.com
TSX rises as gold rebound counters crude drop ahead of CPI
The Hill
The Hill's 12:30 Report — Iran peace talks move to phase 2
France 24
US-Iran peace deal 'won't even come close to the expansive detailed Obama agreement'
Aggregated and edited by the Scoop newsroom. We surface news from ARY News alongside other reporting so you can compare coverage in one place.
Editorial policy · Corrections · About Scoop