Energy Markets
Markets focus on US-Iran deals prospects as gold on track to gain weekly gains
Investors remained hopeful about a U.S. Iran peace deal despite renewed threats, and gold rose?on?Friday. As of 0218 GMT, spot gold was up 0.7%, at $4,719.85 an ounce. Bullion is up 2.3% this week. U.S. Gold Futures for June Delivery rose by 0.4% to $4,728.30. The United States fired on Iran in the most serious test of their month-long truce, but Iran claimed that the situation had returned to normal. The comments made by the Trump administration today that the ceasefire was holding and there is still optimism about a possible deal between the U.S. and Iran are helping to...