Gold price (XAU/USD) trades in positive territory near $4,240 during the early European session on Friday. The precious metal rebounds from a six-month low after US President Donald Trump said he canceled planned military strikes against Iran, fueling hopes that a US-Iran truce deal is close.
West Texas Intermediate (WTI) – the benchmark US Crude Oil price – extends the previous day's sharp retracement slide from the vicinity of mid-$93.00s and attracts some follow-through selling during the Asian session on Tuesday.
Israeli Prime Minister Benjamin Netanyahu said the war against Iran and its Lebanon-based proxy Hezbollah “has not yet ended,” though he insisted both are weaker than ever, CNBC reported on Monday.