Gold Steady Near One-Week High Amid US-Iran Peace Talks
Spot gold remained stable at 4,692.45 dollars per ounce on Thursday as markets awaited details on a proposed peace deal between the United States and Iran. While a weaker dollar and lower Treasury yields supported bullion, investors remained cautious ahead of Friday's US employment report.
Gold held steady at $4,692.45 per ounce as investors weighed a potential peace deal between the United States and Iran. Spot prices rose 3% to reach their highest level since April 27. Markets await clarity on the diplomatic resolution and its economic implications.
President Donald Trump predicted a swift end to the conflict as Iran reviews a proposal to terminate the war. Sources said the deal would end the conflict but leaves demands regarding the Iranian nuclear program and the Strait of Hormuz unresolved.
