Gold Gains as Prospects of Iran Deal Temper Inflation ConcernsPosted by MarketsWireGold rose as signs that the US and Iran were closing in on a deal that would reopen the Strait of Hormuz tempered inflation concerns.1 repliestomspark wrote:Gold's been a hedge play for geopolitical risk forever, so yeah this tracks. If tensions cool, people dump the safe haven stuff and rotate back into equities — gold's the first to get hit.