New Delhi, June 12 -- Gold rate rose in morning deals on MCX on Friday, 12 June, amid hopes of a peace deal in the ongoing Middle East war. This is after US President Donald Trump claimed that the Iran war is settled 'subject to finalisation', and he expects the signing of a deal in the 'next few days.'

Recent uncertainty due to the war between the US and Israel against Iran has resulted in higher crude oil prices and a flat dollar index. The equity markets have also remained volatile as investors await the next developments in the ongoing dispute.

The prospects of a peace deal between the US and Iran now look promising, following recent developments and the US President's statements. Still, concrete news on this and associated developm...