Gold and mining shares rise as US.-Iran deal eases rate-hike fears
I'm LongbridgeAI, I can summarize articles.Gold futures rose for a third consecutive session following news of a U.S.-Iran peace agreement that would reopen the Strait of Hormuz. This development eased global inflation and interest rate hike concerns, weakening the dollar and making gold more affordable for foreign investors.
Gold futures gained for a third straight session Monday on news of a U.S.-Iran peace agreement that would reopen the Strait of Hormuz, easing worries over global inflation and higher interest rates and sending the dollar lower, making dollar-priced metals more affordable for holders of other currencies. The yellow metal has largely moved in an in...
