Gold rises on weaker dollar as investor weigh US-Iran peace deal prospects

Gold prices surged over 1 percent on Monday. A weaker dollar and falling oil prices provided support. Investors are closely watching U.S.-Iran peace talks. Hopes for a breakthrough were tempered by U.S. President Donald Trump's comments. Oil prices hit two-week lows amid optimism for a peace deal. Other precious metals like silver, platinum, and palladium also saw gains.