Gold rises on softer dollar, lower oil after US proposal to Iran
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try{ var _=i o; . if(!_||_&&typeof _==="object"&&_.expiry Oil prices tumble over 6% on report of US peace proposal to Iran Witkoff and Kushner working on ceasefire mechanism, says report; stocks jump Oil quickly pares gains after unconfirmed report on possible U.S.-Iran ceasefire More trouble for gold? Turkey central bank weighs gold reserves to defend lira 🧠 Upgrade to AI Insights (South Africa Philippines Nigeria) 🧠 Upgrade to AI Insights Gold rises on softer dollar, lower oil after US proposal to Iran By Author Ayushman Ojha Commodities Published 03/24/2026, 11:10 PM Gold rises on softer dollar, lower oil after US proposal to Iran 0 Gold Spot US Dollar 2.24% Silver Spot US Dollar 2.99% DX -0.16% GC 3.85% SI 5.69% PL 1.65% Platinum Spot US Dollar 1.80% Brent Spot US Dollar -0.38% Investing.com-- Gold prices climbed over 2% in Asian trading on Wednesday, supported by a drop in oil prices and a weaker U.S. dollar, as reports of a potential Middle East ceasefire reduced inflation concerns and boosted the metal’s appeal. Spot gold was last up 2.3% at $4,577.55 an ounce by 23:06 ET (03:06 GMT). U.S. Gold Futures jumped 4% to $4,611.70. Get premium commodity market insights with analyst comments on InvestingPro Investors reacted to reports that the United States had sent Iran a 15-point plan aimed at ending the war in the Middle East. U.S. President Donald Trump said Washington was “in negotiations right now” with Iran, adding that Tehran was “talking sense” and appeared eager to strike a peace deal. Trump had earlier described talks with Iran as “productive” earlier this week, although Iranian officials denied that any negotiations were taking place, highlighting continued uncertainty around the diplomatic outlook. Oil prices, which had surged in previous sessions on supply disruption fears, slipped sharply on Wednesday, with Brent crude falling below $100 a barrel. The decline in oil prices helped support gold by easing inflation expectations, which in turn reduced ...
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