On Wednesday, the US removed Iran-related sanctions, according to the US Treasury Department’s website. The US Treasury lifted sanctions imposed on two aircraft linked to the Islamic Revolutionary Guard ‌Corps (IRGC) and three airlines. The removal could signal a potential deal between the US and Iran, as negotiations continue to progress. Meanwhile, reports suggest that a deal between Oman and Iran is done, pending Tehran's approval. Market’s reactionGold price jumped past the $4,200 level, gaining nearly 4%, hitting a 30-day high of $4,242, threatening to shift the bias from downward to neutral-upward.