Gold Pares Losses After Report on Talks About Iran War Ceasefire
Bloomberg.com • • nation
Key Points:
- Gold prices recovered some losses to trade near $4,630 an ounce after earlier dropping by up to 1.6%.
- The rebound followed reports of diplomatic efforts toward a potential 45-day ceasefire in the conflict involving Iran.
- The US, Iran, and regional mediators are reportedly discussing terms for the ceasefire, which could lead to an end of fighting.
- Despite these talks, President Donald Trump increased his threats of escalation, contributing to ongoing market volatility.
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