Gold Prices Rise 1.5% Following US-Iran Ceasefire Extension

Gold prices increased by 1.5% after reports of a ceasefire extension between the US and Iran, moving away from a one-week low. This development could affect market sentiment and demand for gold as a safe haven asset. The increase reflects broader geopolitical tensions that often influence gold prices. As such, investors are likely to monitor these developments closely for potential impacts on the gold market.