Gold climbs as oil drops on US-Iran interim peace deal

(Reuters/Al Arabiya) Gold climbed 1 percent on Thursday, recouping some losses from the previous session after Federal Reserve’s hawkish signals, as a drop in oil prices following a US-Iran interim agreement dampened inflation expectations and provided support. Spot gold was up 1 percent at $4,298.48 per ounce, as of 0616 GMT. Bullion declined 1.7 percent on Wednesday after the US Fed pointed to a potential rate hike later this year. – Gold climbs as oil drops on US-Iran interim peace deal

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