Gold prices surged over 1% as a weaker dollar and easing oil prices reduced inflation concerns, fueled by hopes of a U.S.-Iran peace deal. President Trump’s decision to pause a Strait of Hormuz operation contributed to the dollar’s decline and eased geopolitical tensions, impacting various precious metals.
US stocks: US market ends higher as Amazon soothes AI jitters
Wall Street closed higher on Friday, driven by Amazon’s strong quarterly report. The tech giant’s results eased concerns about AI infrastructure spending. Apple’s stock dropped