Gold recovers from a one-week low as oil and the dollar fall

Gold prices rose today, Tuesday, recovering from their lowest level in about a week, as hopes for a solution to the Iranian war pressured the dollar and pushed oil prices lower, alleviating inflation fears.

And Other precious metals: Spot silver rose 2.8% to $77.65 per ounce, platinum rose 0.3% to $2,076.50, while palladium fell slightly by 0.1% to $1,572.62.

In currencies, the US dollar fell to its lowest level in more than a month, making US currency-denominated gold less expensive for currency holders. The US-Iran War.

On the monetary policy front, traders currently expect a 31% probability of a 25 basis point cut in US interest rates this year, up from 27% the previous day.

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