Gold jumps over 2% as oil slump eases inflation fears amid Trump Iran talks
CNBC·2026-03-25 02:36
Gold prices climbed on Wednesday as declining oil prices helped temper worries about persistent inflation, following reports that Washington is working on a proposal to end the Middle East conflict.Spot gold prices were last up 2.56% at $4,588 per ounce, while gold futures for April delivery were last seen over 4% higher at $4,597.7 per ounce.U.S. President Donald Trump said Tuesday the U.S. and Iran are "in negotiations right now" and suggested Tehran is eager to make a peace deal, even as the Islamic Repu ...