Gold Prices Surge 5% Amid Middle East Ceasefire Hopes: Market Implications
Gold prices rise 5% amid Middle East ceasefire hopes, impacting the dollar and bond yields. What does this mean for investors?
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Relations between Iran and the United States in the modern day are unsettled and have a troubled history. They began in the mid-to-late 19th century, when Iran was known to the Western world as Qajar Persia. Persia was very wary of British and Russian colonial interests during the Great Game. By contrast, the United States was seen as a more trustworthy foreign power, and the Americans Arthur Millspaugh and Morgan Shuster were even appointed treasurers-general by the Shahs of the time. During World War II, Iran was invaded by the United Kingdom and the Soviet Union, both U.S. allies, but relations continued to be positive after the war until the later years of the government of Mohammad Mosaddegh, who was overthrown by a coup organized by the Central Intelligence Agency and aided by MI6. This was followed by an era of close alliance between Shah Mohammad Reza Pahlavi's authoritarian regime and the U.S. government, Iran being one of the U.S.'s closest allies during the Cold War, which was in turn followed by a dramatic reversal and disagreement between the two countries after the 1979 Iranian Revolution.
Gold prices rise 5% amid Middle East ceasefire hopes, impacting the dollar and bond yields. What does this mean for investors?
VTechX HubThey began in the mid-to-late 19th century, when Iran was known to the Western world as Qajar Persia.
SourcePersia was very wary of British and Russian colonial interests during the Great Game.
SourceAsk VTechX Intelligence about U.S.-Iran negotiations
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