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Gold Heads for Weekly Gain as Traders Weigh Iran Truce Prospects
Gold was headed for a third weekly gain, as hopes for a diplomatic resolution to the war in Iran and sustained buying by central banks outweighed persistent risks around inflation. Bullion steadied near $4,760 an ounce on Friday, on track for a weekly gain of almost 2%. With key issues around the Middle East conflict unresolved, attention is turning to weekend negotiations in Islamabad, where a US delegation led by Vice President JD Vance is scheduled to meet Iranian officials. Traders will also be watching the US inflation report later on Friday. President Donald Trump said he is “optimistic” about a deal to end ... (full story)
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- Apr 9, 2026 10:16pm Posted byFundamental Analysis173
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