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Gold Gains as Iran Talks Ease Concerns Over Interest-Rate Hike

Bloomberg Markets Sunday 02 August 2026, 23:46 UTC By Wendy Wells 1 min read
Key Points

Gold Gains as Iran Talks Ease Concerns Over Interest-Rate Hike Gold advanced after US President Donald Trump said fresh negotiations with Iran would begin later Monday, raising hopes for a breakthrough in the months-long conflict that would ease energy-driven inflation. Bullion was trading around $4,070 an ounce, having seen out July with a 1% gain — its first monthly increase since February. Trump said on Sunday that he had called off a massive attack on Iran after allies in the Middle...

Gold Gains as Iran Talks Ease Concerns Over Interest-Rate Hike Gold advanced after US President Donald Trump said fresh negotiations with Iran would begin later Monday, raising hopes for a breakthrough in the months-long conflict that would ease energy-driven inflation. Bullion was trading around $4,070 an ounce, having seen out July with a 1% gain — its first monthly increase since February. Trump said on Sunday that he had called off a massive attack on Iran after allies in the Middle East, including Saudi Arabia, asked him to pursue a deal instead. Benchmark Brent crude fell more than 7%.
US (LOCATION) Donald Trump (PERSON) Iran (LOCATION) Trump (ORG) the Middle East (LOCATION) Saudi Arabia (LOCATION)
Originally published by Bloomberg Markets Read original →

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