$SPDR Gold Shares(GLD.US) Gold prices increased by over 1% amid diplomatic negotiations aimed at easing the U.S.-Iran conflict, impacting inflation and interest rate decisions. A proposed 10-day ceasefire in the conflict may influence the outlook on oil prices, which softened on reports of mediation attempts contrasted by ongoing hostilities. While the Federal Reserve is expected to maintain current interest rates, there is a 64% probability of a rate hike in September, affecting market dynamics for precious metals. In my opinion, I don't really trust the proposed ceasefire deal as we have seen in the past how these "peace deals" fell apart in the matter of days. Moreover, now may be a good time to start accumulating some gold for the future. @Captain's Treasure
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