Gold Prices Rise Amid Hopes for US-Iran Ceasefire
Gold prices have seen an increase due to renewed hopes for a ceasefire in the ongoing US-Iran conflict. The spot price of gold has opened the week at approximately $4090 per ounce. This rise in gold prices comes as oil prices have eased, with levels around $97 per barrel as of last Friday. The potential for a ceasefire has created optimism in the market, influencing commodity prices, particularly gold, which is often seen as a safe-haven asset during times of geopolitical tension. 
