Gold Recovers Losses as Oil Prices Decline Following US-Iran Accord

Gold prices surged on Thursday, recovering losses incurred in the previous session, while oil prices declined following the signing of a temporary agreement between the United States and Iran. Spot gold advanced by 1.5% to $4322.41 per ounce at 01:02 GMT, after a 1.7% drop on Wednesday. US gold futures for August delivery also rose 0.9% to $4343.10.