Gold surges above $4,100 as US-Iran pause sends oil lower
Gold prices climbed above $4,100 per ounce on Monday, driven by a temporary halt in U.S.-Iran hostilities that caused oil prices to drop and reduced inflation fears. The move comes ahead of a Federal Reserve meeting later this week.
Key facts
- Gold rose above $4,100 an ounce on Monday.
- A temporary halt in U.S.-Iran hostilities caused oil prices to fall.
- Lower oil prices reduced inflation fears.
- The Federal Reserve is meeting later this week.
Entities
Institutions
- Federal Reserve
Locations
- United States
- Iran
Sources
- Quartz —