India, July 21 -- Gold prices jumped more than 1 percent on Tuesday amid hopes the U.S. and Iran will resume peace negotiations.
Spot gold traded 1.4 percent higher at $4,063 an ounce after reclaiming the psychologically important $4,000-an-ounce level on Monday. U.S. gold futures were up 1.3 percent at $4,065.97.
The dollar softened while Brent crude futures steadied around $89 a barrel, halting a recent rally as reports of mediation efforts between the United States and Iran helped ease worries over supply disruptions in the Middle East.
For comments and feedback contact: editorial@rttnews.com
Published by HT Digital Content Services with permission from RTT News....