ISLAMABAD: Gold prices surged in the global market after progress in the US-Iran peace talks.
According to global media, spot gold was seen trading at $4,209.03 per ounce on Monday, up 1.2 percent, while US gold futures for August fell 0.5 percent to $4,225.80.
In addition, the price of silver rose 2.6 percent to $66.60 per ounce, while the prices of platinum and palladium also increased by 1.3 and 1.5 percent, respectively.
According to market experts, investors have turned to gold again as a safe investment.
On the other hand, crude oil prices fell in the global market, with British crude oil falling more than 2 percent to $78 per barrel while US crude oil fell 0.83 percent to $75 per barrel.
