Gold Rises Over 2% Amid Easing Middle East Tensions
Gold prices surged more than 2% as easing tensions in the Middle East led to a weaker U.S. dollar and falling oil prices, reducing inflation concerns. Spot gold climbed to $4,663.85 per ounce while U.S. Gold Futures rose by 1.7%. The shift toward diplomacy following President Trump's announcement of pausing operations near Hormuz supported the precious metal.