Gold prices jump 2.7% amid optimism about reaching a peace agreement with Iran
Gold prices rose by more than 2% today, Wednesday, after US President Donald Trump indicated the possibility of reaching a peace agreement with Iran, which led to a decline in the dollar and crude oil as fears of Inflation.
And The price of gold in spot transactions rose 2.7% to $4,680.91 per ounce, by 08:11 GMT, reaching its highest level since April 28. US gold futures (June delivery) also rose by 2.7% to $4,693.20.
In other precious metals, the price of silver rose by 4.6% to $76.16 per ounce, the price of platinum rose by 2.9% to $2,009.25, and palladium by 2.4% to $1,521.50.
Meanwhile. Investors are awaiting US non-farm payrolls data later this week, which will test whether The economyis still flexible enough to keep interest rates unchanged.
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