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Gold Rises as Traders Weigh Renewed Push for US-Iran Talks
Gold climbed after a two-day decline, as renewed optimism for a negotiated end to the US-Iran war eased concerns about inflation. Silver rose to the highest in nearly a month. Bullion rose as much as 2.2% to $4,846.33 an ounce, erasing losses from the previous two sessions. The US and Iran are looking to arrange a second round of peace talks in the coming days, with Tehran mulling a pause in shipments through the Strait of Hormuz to help ease the path toward an agreement on time and place. The objective is to hold more discussions before an April 7 ceasefire expires next week, according to people familiar with the ... (full story)