Gold Gains as Traders Assess Latest Deadlock in US-Iran Talks
Gold advanced as President Donald Trump said the US-Iran ceasefire is on “massive life support” after he rejected Tehran’s latest peace offer.
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Published dates (RSS): 14 Aug – 12 May
Gold advanced as President Donald Trump said the US-Iran ceasefire is on “massive life support” after he rejected Tehran’s latest peace offer.
A renewed advance in oil prices sent bonds lower after the US and Iran failed to agree on terms to end their war, dashing hopes for a revival of the Strait of Hormuz while stoking inflation concerns.
Oil rose after President Donald Trump said a fragile ceasefire between the US and Iran is close to unraveling, prolonging the effective closure of the crucial Strait of Hormuz.
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