Gold Experiences Little Movement Amid Flat Dollar
ICM Brokers | Jul 15, 2015 04:12AM ET
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Iran and six major world powers reached a nuclear deal on Tuesday, capping more than a decade of negotiations with an agreement that could transform the Middle East. U.S. President Barack Obama hailed a step toward a "more hopeful world" and Iran's President Hassan Rouhani said it proved that "constructive engagement works". The U.S. Congress will begin a 60-day review period once it receives a submission of the deal. The period could be extended by an additional 12 days if the Senate and House of Representatives decide to submit a joint resolution to the White House.
GOLD
Gold futures experienced little movement on Tuesday amid a flat dollar, even as Iran reached a comprehensive nuclear deal with its western partners and Greece Prime minister Alexis Tsipras sought support from Parliament for a historic bailout from its euro zone creditors. Meanwhile, The U.S. Commerce Department said that retail sales declined by a seasonally adjusted 0.3% last month, disappointing expectations for a gain of 0.2% and following an increase of 1.0% in May.
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