Gold gains over 1% after US, Iran reach peace deal

Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Gold prices surged over 1% after the US and Iran announced a peace deal to end their conflict, halt the US blockade, and reopen the Strait of Hormuz. The development eased inflation concerns and reduced the likelihood of a December US rate hike, also pushing oil prices lower. The easing of geopolitical tensions supported a risk-on sentiment across global markets.