Gold price (XAU/USD) gains ground to near $4,575 during the early Asian session on Tuesday. The precious metal edges higher as hopes for US-Iran peace negotiations weakened the US Dollar (USD).
The Greenback has started the week on the back foot, receding to multi-week lows on the back of the generalised improvement in the risk complex, all in response to rising optimism on a potential US-Iran deal.
The Euro (EUR) remains practically flat against the US Dollar (USD) on Monday, capped below the top of last week’s range, in the 1.1660-1.1675 area, with seven-week lows, at 1.1575 relatively close.