Gold (XAU/USD) held steady on Wednesday after falling over 2% on Tuesday. It traded at $4,726 after a daily high of $4,772, as lower US Treasury yields offered support and the Middle East outlook stayed uncertain. US-Iran talks remain halted after a US blockade of Iran-flagged vessels. The IRGC seized three cargo ships in the Strait of Hormuz and called for the blockade to be lifted, while Donald Trump extended the ceasefire and awaited Tehran’s proposal. The US 10-year Treasury yield was 4.298% after earlier declines, which trimmed gold’s rebound. Higher oil prices were linked to inflation pressures, adding to ... (full story)