Svmuu News: According to Gate data, spot gold rose by more than $20 in short order, breaking through $4,040 per ounce, up 0.7% on the day.
The U.S. and Iran agreed to hold peace talks, and falling fuel prices led to a slight increase in U.S. consumer confidence in June. Data released Tuesday showed that, following a downward revision to last month’s figures, the Conference Board’s Consumer Confidence Index rose by 0.6 points to 91.2. The median forecast among economists had been 94.4. The index reflecting current conditions declined, while the index reflecting expectations for the next six months rose.