Gold Rebounds as Easing Iran Tensions Weaken Dollar and Oil, Reshaping Fed Outlook - Tekedia

Gold rose more than 1% as signs of progress in U.S.-Iran diplomacy eased tensions and sent oil prices lower.

A weaker dollar and lower energy costs reduced inflation fears, improving the outlook for gold and other precious metals.

Investors also pushed up silver, platinum, and palladium as expectations for higher Fed rates softened.