Gold fell as military strikes in the Persian Gulf dimmed hopes for a U.S.-Iran peace deal and reinforced inflation concerns. Read here now

Bullion prices climbed as signs of progress in US-Iran talks raised hopes of reopening the Strait of Hormuz and easing pressure on energy markets.

Oil rebounded as fresh U.S. military strikes in Iran clouded the outlook for a deal to reopen the Strait of Hormuz. Read more.