Category gold

Gold Rallies to $4,220 on US-Iran Deal Hopes

XAU/USD climbs as traders anticipate a weekend MoU between the US and Iran to reopen the Strait of Hormuz. Gold prices (XAU/USD) rose to near $4,220 in European trading Friday, extending Thursday’s recovery. The move follows reports that the US and Iran may sign a Memorand

Gold Bounces Back To $4,080

Gold bounces to $4,080 after breaking below March low Gold is currently trading at $4,080 levels after touching a low of $4,024 earlier. The precious metal broke below the March low of $4,099 yesterday. The break lower is attributed to a technical breakdown since Fr

US Stocks Fall as Tensions Rise

S&P 500 down 1.5% amid rising US-Iran tensions The US stock market declined as tensions between the US and Iran escalated. The S&P 500 fell 1.5% while the Nasdaq dropped 1.8%. The decline came despite the US May CPI meeting expectations at 4.2%. The US 10-year yield