US–Iran deal hopes: oil falls and gold bounces

Is a US–Iran Deal Close? Why Oil Fell and Gold Bounced on Tuesday

Oil dropped from above $100 to around $95.70 on Tuesday after Israel’s Channel 12 reported a Pakistan-brokered US–Iran compromise, and gold bounced from $4,111 to about $4,143 as yields and the dollar eased. The deal is unconfirmed, though, and a diplomat in the talks says reports that it’s close are wrong.

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What Is the Best Time to Trade Gold? XAU/USD Sessions Explained

What Is the Best Time to Trade Gold? XAU/USD Sessions Explained

The best time to trade gold for most traders is the London and New York overlap, roughly 12:00–16:00 GMT (one hour later in winter). That’s when liquidity peaks, spreads are usually tightest and US data hits at 8:30 a.m. New York time. The quiet late-Asian hours tend to bring wider spreads and choppy, directionless moves.

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