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Gold Climbs Again as Dollar Slips and Iran US Peace Hopes Spark Demand
Economy
Published on 7 May 2026
A possible US Iran peace deal is lifting gold
Gold rose for a third straight session as a softer US dollar boosted buying interest. The gains were also supported by expectations of a potential US Iran peace deal, adding a geopolitical tailwind to markets. Analysts say prices may stay rangebound near $4,600 to $5,100 an ounce in the near term, even as momentum builds.
- Gold climbed for a third straight session amid dollar weakness
- US Iran peace hopes added geopolitical support to prices
- Spot gold was up to around $4,701 per ounce
- Analysts expect a near term range between $4,600 and $5,100
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Republic