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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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President Donald Trump on Thursday said that Iran “better stop now” if it’s charging fees to oil tankers passing through the Strait of Hormuz. Trump’s warning in a Truth Social post put even more strain on the fragile ceasefire between the U.S. and Iran less than two days after it began. Trump said Tuesday evening that the U.S. would agree to a two-week ...
From bullionvault.com | Apr 9, 2026
Gold selling by national central banks as a group set a monthly record by value in March as the US-Israeli war against Iran sent energy prices soaring. With global gold prices making the steepest drop since June 2013 last month, official data reported so far show huge gold sales and swaps by Turkey offsetting other central banks' purchases more than 4 times ...
Iran is doing a very poor job, dishonorable some would say, of allowing Oil to go through the Strait of Hormuz. That is not the agreement we have! President DONALD J. TRUMP
