Gold rose in early trading because the market expected an early end to the US-Iran conflict, which could lead to a drop in oil prices and a slowdown in inflation. Spot gold rose 0.5% to $4,782.49 an ounce. Analysts at ANZ Research said in a research report that these hopes have prompted traders to reduce their bets that the central bank will raise interest rates to curb the risk of inflation caused by the conflict. The analysts added, “They are turning their attention to the impact of this conflict on economic growth. ”

Gold rose in early trading because the market expected an early end to the US-Iran conflict, which could lead to a drop in oil prices and a slowdown in inflation. Spot gold rose 0.5% to $4,782.49 an ounce. Analysts at ANZ Research said in a research report that these hopes have prompted traders to reduce their bets that the central bank will raise interest rates to curb the risk of inflation caused by the conflict. The analysts added, “They are turning their attention to the impact of this conflict on economic growth. ”