Gold Rate up Amid Focus on Potential US-Iran Peace Deal; Dimming US Fed Rate Cut Hopes Cap Gains

Gold rate up amid focus on potential US-Iran peace deal; dimming US Fed rate cut hopes cap gains

Gold rate rose on MCX on Thursday morning. The big relief for gold traders is the prospects of a peace deal between the US and Iran, which can lead to the reopening of the Strait of Hormuz, a critical waterway for global oil trade.

Gold steady as markets focus on potential US-Iran peace deal

Gold prices held steady near a one-week high as investors awaited clarity on a potential U.S.-Iran peace deal. While stocks and oil dipped on hopes of an agreement, market participants are now focused on the upcoming U.S. employment report for clues on the Federal Reserve's next move. Fed officials expressed concerns about inflation risks stemming from the ongoing conflict.

Gold Holds Gain as US-Iran Truce Hopes Ease Inflation Concerns

Gold holds hefty gain as US-Iran truce hopes ease inflation fear

President Donald Trump has indicated on multiple occasions throughout the conflict that a deal is near, though none has materialised

Gold edges higher to near $4,700 on US‑Iran peace hopes

The post Gold edges higher to near $4,700 on US‑Iran peace hopes appeared on BitcoinEthereumNews.com. Gold price (XAU/USD) gains momentum to a one-week high near $4,700 during the early Asian session on Thursday. The precious metal extends the rally as optimism over a US-Iran peace deal eased concerns over inflation.  Bloomberg reported on Wednesday that the US and Iran were circling a fresh proposal to end the war, as US President Donald Trump …

Gold edges higher above $4550 on fragile US–Iran ceasefire