Gold jumps, investors keep their eyes on central banks
ISTANBUL- Anadolu Agency
Gold prices jumped above $4,300 an ounce on June 15 extending gains after the U.S. and Iran reached a peace agreement.
The precious metal advanced as oil prices declined to a two-month low following the announcement, reducing concerns that higher energy costs could keep inflation elevated and force major central banks to maintain a tighter monetary policy stance.
The reopening of the Strait of Hormuz, one of the world’s most important energy transit routes, is expected to ease supply concerns that had intensified during the conflict and triggered sharp moves across commodity markets.
