The latest developments regarding the agreement between Trump and Iran have stirred uncertainty in the markets. The deal, signed on June 17 at Versailles, was intended to de-escalate conflict and reopen the Strait of Hormuz. However, both capitals are struggling to agree on the document's actual content.
Impact of Uncertainty on Gold
Historically, gold prices tend to rise during times of political and economic uncertainty. The current uncertainty surrounding the US-Iran deal may therefore impact gold prices as investors often seek refuge in gold when confidence in global stability wanes.
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