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Bloomberg

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

Sunday, August 2, 2026


Gold prices rose after President Donald Trump announced that negotiations with Iran would begin later Monday. Trump stated that fresh talks could address energy-driven inflation concerns. Gold typically moves inversely to interest-rate expectations, which can shift based on inflation outlooks.

Original reporting: https://www.bloomberg.com/news/articles/2026-08-02/gold-gains-as-iran-talks-ease-concerns-over-interest-rate-hike

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