Gold Holds Near $4,572 as US-Iran Truce Hopes Ease Inflation Fears
Updated
Updated · Bloomberg · May 18
Gold Holds Near $4,572 as US-Iran Truce Hopes Ease Inflation Fears
6 articles · Updated · Bloomberg · May 18
$4,572 an ounce marked gold's level on Monday, with bullion holding a modest gain after rising 0.6% in the previous session.
US-Iran ceasefire hopes supported that move by easing some inflation worries that had weighed on gold.
Trump said he had authorized a new wave of attacks against Iran this week but was holding off after three Gulf allies sought more time to negotiate a nuclear deal.
The metal's resilience shows how quickly geopolitical signals from Washington and the Gulf are feeding into inflation expectations and haven demand.
Will the US-Iran ceasefire lead to lasting peace, or is it a pause before a more devastating regional war?
With Trump downplaying demands and inspections blocked since 2021, how can any new nuclear deal with Iran be trusted?
After devastating military and proxy losses, is Iran negotiating from a position of weakness or desperation?