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Gold gains as traders assess latest setbacks in US-Iran talks
Gold advanced as traders assessed the latest setbacks surrounding US-Iran peace talks and the outlook for reopening the Strait of Hormuz. The US and Iran are in a deadlock over how to end the war and reopen Hormuz, with both sides far apart on a framework to end the war and reopen the critical waterway. President Donald Trump called the Islamic Republic’s reply to his proposed peace plan unworkable. Bullion gained as much as 0.7% on Monday, erasing earlier losses of as much as 1.4%. Oil climbed as the near-halt of traffic through Hormuz renewed concerns about a flare-up in inflation. The dollar and bond yields ... (full story)
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samdani786
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