Gold jumps, oil falls after U.S.-Iran deal; dollar moves as Fed bets shift
Gold surged 3% to $4,345 an ounce after a tentative U.S.-Iran peace deal pushed oil lower, weakened the dollar, and cut expectations for another Fed rate hike; gold miners and ETFs outperformed bullion, but analysts warn the rally’s sustainability hinges on the Fed’s June 16–17 meeting and Chair Kevin Warsh’s first policy press conference.