Gold rises on weaker dollar, easing oil as investors assess US-Iran deal prospects

Gold rises on weaker dollar, easing oil as investors assess US-Iran deal prospects

Gold rose 1.1% to $4,560/oz as the dollar fell and oil hit two-week lows on U.S.-Iran deal optimism that could reopen the Strait of Hormuz. A ceasefire would ease energy-driven inflation and rate pressure, undermining gold's core hedge narrative while boosting broader risk appetite.