Gold: up 2.3% to over $4,300 as the situation in the Middle East eases

Spot silver has also risen back above $70 (+3.4%)

Gold and silver are rallying following the falls of recent weeks, as risk appetite returns following the agreement between the United States and Iran and the prospect of the Strait of Hormuz reopening. Spot gold rose by 2.3% to $4,318 an ounce, having hit a three-month low of $4,023 an ounce last week. Gold futures stood at $4,332 an ounce (+2.3%). Spot silver also performed well, rising by 3.4% to $70.3 an ounce, after hitting similar lows last week at $61.5 an ounce.

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