Gold prices reversed course to gain over 1% on Thursday, rebounding from a two-month low hit earlier in the session, as the U.S. dollar and oil prices eased following news that the U.S. and Iran had reached a ceasefire extension agreement.
Spot gold was up 1.1% at $4,504.07 per ounce by 1:31 p.m. EDT (1731 GMT), after falling to its lowest level since late March.
