Gold traders are nervously waiting to see if a peace deal between the US and Iran can spark a much-needed turnaround in the gold price as new headwinds loom.

Gold prices surged over 1% as U.S. and Iranian officials announced a peace deal to end their conflict, halt the U.S. blockade, and reopen the Strait of Hormuz. This development…

Gold prices surge over 2% after the US and Iran reach a peace deal, easing inflation concerns and boosting investor confidence.