Gold Firms and Heads for Weekly Gain on US-Iran Deal Hopes

Gold set for weekly gain as markets focus on US-Iran peace deal ...

Gold firms and heads for weekly gain on US-Iran deal hopes

Gold set for weekly gain as markets focus on US-Iran deal prospects

Gold rose on Friday and was headed for a weekly gain on easing fears of inflation and higher interest rates, as investors remained optimistic about a US-Iran peace deal despite renewed hostilities.Spot gold was ⁠up 0.8% at $4,723.56 per ounce, as of 0614 GMT. Bullion has gained 2.4% so far this week.US gold futures for June delivery rose 0.5% to $4,731.70. The United States and Iran exchanged fire on Thursday ‌in the most serious test yet of the…

Gold Price Forecast: This Week’s Rally Puts $4,800 Back in Play, But Iran and Fed Risks Loom

Gold rose 2.3% for the week, ending at $4,719.68 an ounce on Friday, as hopes for a U.S.-Iran deal eased inflation fears and weakened the dollar. U.S. gold futures settled at $4,730.70. Traders are watching if bullion can hold above $4,700 and break resistance near $4,780-$4,900. U.S. payrolls grew by 115,000 in April, above forecasts, keeping the Fed cautious on rate cuts. The post Gold Price Forecast: This Week’s Rally Puts $4,800 Back in Play…

Commodity wrap: Gold set for weekly rise; oil recovers while copper surges

Gold prices were headed for a weekly rise following a stronger-than-expected jobs report in the US.Oil prices recovered from Thursday’s sharp losses to trade in the green as uncertainty remained regarding the US and Iran peace negotiations. Gold set for weekly riseGold prices rose further on Friday and were set for a weekly gain. The yellow metal extended gains following a stronger-than-expected US jobs report. Additionally, reduced concerns ove…