The Markets Ledger

Gold advances after negotiators flag headway in US-Iran talks

Bullion climbed as much as 1.6% to top $4 220 an ounce, wiping out a loss from last week, after Qatar and Pakistan said in a joint statement that “encouraging progress” was made in a first round of high-level peace negotiations in Switzerland.

US, Iran prepare for deal signing

The US and Iran are preparing to formally sign an interim peace deal that has left both sides claiming victory, with details of the accord still emerging and energy insiders skeptical of how fast it can reopen the Strait of Hormuz.