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International Business Times UK
International Business Times UK
Business
Sami Khan

US-Iran Peace Deal: How It Shook Oil and Gold Markets Overnight

United States Gold Iran Oil US Federal Reserve Donald Trump Inflation White House
Donald J. Trump has signed MoU with Iran to end the war while at Versailles. (Credit: The White House)

Gold climbed about 0.6% on Thursday. Oil dropped sharply. A new US-Iran agreement changed the inflation calculus for markets overnight.

US President Donald Trump signed a memorandum of understanding (MoU) with Iran to end the war while at Versailles, stating, 'It's signed.' A US official said both Trump and Iranian President Masoud Pezeshkian signed the deal on Wednesday, though Iran has not confirmed it.

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