Iran Gold Sanctions Easing Seen Having Little Price Impact

The easing of sanctions on trading gold with Iran probably will have little impact on prices, according to Standard Bank Group Ltd. and Societe Generale SA.

“Gold overall is dominated by much bigger forces right now,” Walter de Wet, an analyst at Standard Bank in Johannesburg, said before Iran and world powers announced their wider nuclear agreement yesterday. Prices plunged 27 percent this year, headed for the biggest annual drop in three decades, as some investors lost faith in the metal as a store of value.