Gold held above $3,950 an ounce after its strongest advance in two months. Bullion gained 1.9% on Monday as optimism about a possible breakthrough in US-Iran peace talks weighed on oil prices and eased inflation concerns.
Oil was little changed after falling more than 7% in the previous session. Iran’s president said the country’s supreme leader had given his government more authority to pursue negotiations, while US President Donald Trump indicated that the discussions were making progress.
Sources: Bloomberg Markets.