Gold Gains as Prospects of Iran Deal Temper Inflation Concerns (opens in new tab)

(Bloomberg) -- Gold advanced as signs the US and Iran are closing in on a deal that would reopen the Strait of Hormuz tempered inflation concerns.Most Read from BloombergNvidia CEO Urges Super Micro to Tighten Up on ComplianceTrump Doctor Visit Renews Health Scrutiny as 80th Birthday NearsTrump Says He’ll Announce Negotiated Deal With Iran ShortlyRubio Sees Good News Coming on Hormuz as Iran Talks ContinueUS, Iran Inch Toward Deal as Gaps Remain on Uranium, SanctionsBullion rose as much as 1.6%