Gold is trading higher ahead of the anticipated Hormuz deal, which would ease inflation and future rate hike concerns. The commodity is also rising amid a weaker dollar.

ALBILAD GOLD ETF
SPDR Gold

ALBILAD GOLD ETF

9405.SA

0.00

SPDR Gold

GLD

0.00

Gold is trading higher ahead of the anticipated Hormuz deal, which would ease inflation and future rate hike concerns. The commodity is also rising amid a weaker dollar.