Gold steady as U.S. and Iran peace deal hopes rise

Gold prices stabilized as optimism regarding a potential peace deal between the United States and Iran balanced inflation concerns. Spot gold fell 0.2% to $4,534.69 per ounce following a 1% gain on Wednesday. Investors are weighing geopolitical de-escalation against the likelihood of the Federal Reserve maintaining elevated interest rates.

Geopolitical Progress Buffers Price Volatility