Gold price rises near $4,570 on US-Iran deal hopes
Gold price rose to near $4,570 during early Asian trading hours on Monday.
The rise is attributed to a weaker US Dollar after reports of a potential US-Iran deal.
The deal would reopen the Strait of Hormuz, easing concerns over global economic growth.
Traders await the US Personal Consumption Expenditures report, which may impact the USD and gold price.