Gold prices edged higher as optimism over a potential US-Iran peace deal grew, alleviating fears of prolonged high inflation and interest rates among investors.
Spot gold rose by 0.4% to $4,499.69 per ounce
May 20, 2026
09:55 am
What's the storyGold prices saw a slight uptick on Wednesday, driven by hopes of a possible peace agreement between the United States and Iran.
The optimism has eased fears over inflation and interest rates remaining high for an extended period.
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