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Gold Steadies as Traders Weigh Diplomatic Push to End Iran War
Gold was little changed as traders weighed the latest efforts by the US and Iran to find a negotiated solution to the two-month war that’s choked energy supplies and heightened inflation risks. Bullion was near $4,690 an ounce in early trading, having slipped 0.6% on Monday. US President Donald Trump convened a meeting of national security officials to discuss Iran’s latest peace proposal but maintained red lines on any deal to end the conflict, White House Press Secretary Karoline Leavitt said. The comments followed reports that Tehran proposed an interim deal whereby it reopens the Strait of Hormuz in exchange ... (full story)