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Gold Holds Biggest Jump in Two Months on Iran Peace-Deal Hopes

Bloomberg Markets Tuesday 03 November 2026, 00:20 UTC By Yihui Xie 1 min read
Key Points

Gold Holds Biggest Jump in Two Months on Iran Peace-Deal Hopes Gold was steady, after jumping the most in two months on Monday as hopes of a breakthrough in US-Iran peace talks sent oil prices plunging and eased anxiety over accelerating inflation. Bullion traded above $3,950 an ounce, after climbing 1.9% in the previous session. Oil was flat after tumbling more than 7% on Monday as the Iranian president said his government has been granted more authority by the country’s supreme leader to...

Gold Holds Biggest Jump in Two Months on Iran Peace-Deal Hopes Gold was steady, after jumping the most in two months on Monday as hopes of a breakthrough in US-Iran peace talks sent oil prices plunging and eased anxiety over accelerating inflation. Bullion traded above $3,950 an ounce, after climbing 1.9% in the previous session. Oil was flat after tumbling more than 7% on Monday as the Iranian president said his government has been granted more authority by the country’s supreme leader to pursue negotiations, while US President Donald Trump hinted at progress in the discussions.
Gold Holds Biggest Jump (ORG) Iran (LOCATION) US (LOCATION) Iranian (ORG) Donald Trump (PERSON)
Originally published by Bloomberg Markets Read original →

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