Gold jumps, oil falls after U.S.-Iran deal; dollar moves as Fed bets shift
Gold jumped Monday after U.S. and Iranian officials announced a first-step deal to end the war and reopen the Strait of Hormuz, putting oil, inflation, and U.S. rates back in play. Live gold hit $4,344.90 an ounce, up 3.00%, according to Kitco’s spot price feed. Spot gold was last up 2.8% at $4,336.49 as of 1044 GMT on Reuters. August futures rose 2.81% in early U.S. trade to $4,357.70, CME data showed.