New York [US], June 16: Gold rose more than 2% on Monday after US and Iran officials said they had reached an initial agreement to end their war.
By 0536 GMT the spot gold price had risen 2.5%, to $4,323.29 an ounce, its highest since June 9, and extended gains for a 3rd straight session. US Gold Futures for August Delivery rose 2.5% at $4,343.80.
Spot silver increased 3.3%, to $70.19 an ounce.
Source: Emirates News Agency
