Gold Price Today Jumps Above $4,800 as Dollar Slides and Iran Talk Hopes Cool Oil
Spot gold rose 1.5% to $4,808.69 an ounce Tuesday as the dollar weakened and oil prices slipped on hopes for renewed U.S.-Iran talks. U.S. gold futures gained 1.4%. The dollar index hit its lowest since March 2. Softer-than-expected U.S. inflation data and falling oil eased pressure on bullion after a recent slump.