Gold Climbs as Falling Oil Prices Revive Rate-Cut Expectations

CAIRO — Gold surged above $4,300 an ounce following the announcement of a US-Iran peace agreement, as investors rapidly reassessed the outlook for inflation, interest rates and global economic growth after months of geopolitical turmoil. The rally initially appeared counterintuitive. Traditionally, gold benefits from heightened uncertainty and conflict, while peace agreements tend to reduce demand […] The post Gold Climbs as Falling Oil Prices Revive Rate-Cut Expectations appeared first on The Middle East Observer.