Gold rises to two-week high as USD weakens
Gold prices surged past the $4,100 mark to hit a nearly two-week high.
The latest optimism over a potential US-Iran deal and receding US Federal Reserve rate-hike bets prompted USD selling, benefiting the commodity.
The OPEC+ decision to increase production from September also eased supply concerns, dragging crude oil prices to a fresh low and alleviating inflation concerns.