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Dollar slips and gold holds bid after Iran peace deal rumor

The late-day report also coincided with oil ending near the session lows, with the dollar dipping and gold staying supported.

Reported · Written up by our desk · Major Pairs

Forexlive reports that a late, vague report from state-owned Russian press claimed an Iran-US deal, citing Iranian and Pakistani sources, and the market treated the rumor as having some credibility despite a lack of prior reporting from Russia media.

According to the market wrap, oil finished the day at the lows, and traders pointed to ongoing unusual selling in crude earlier in the week. In response to the rumor, the US dollar dipped late, while gold held a steadier bid after moving around earlier.

The session remained focused on AI in equities, with meme-driven names staying strong, while overall trading reflected the late shift tied to the Iran-related headline and the resulting moves in dollar and precious metals.

Latest closeGold $4,432.00 ▲1.6%|WTI crude $82.40 ▲1.4%

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