On Wednesday, the US removed Iran-related sanctions, according to the US Treasury Department’s website.
The US Treasury lifted sanctions imposed on two aircraft linked to the IRGC and three airlines
The removal could signal a potential deal between the US and Iran, as negotiations continued to progress. Meanwhile, reports suggest that a deal between Oman and Iran is done, pending Tehran’s approval. Market’s reaction Gold price jumped past the $4,200 level, gaining nearly 4%, hitting a 30-day high of $4,242, threatening to shift the bias from downward to neutral-upward.
On its way towards the high of the day (HOD), XAU/USD cleared the 50-day Simple Moving Average (SMA) near $4,161, opening the door for a leg-up towards the current spot prices. Risk sentiment FAQs In the world of financial jargon the two widely used terms “risk-on” and “risk off” refer to the level of risk that investors are willing to stomach during the period referenced. In a “risk-on” market, investors are optimistic about the future and more willing to buy risky assets.