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Gold Holds Gain as Trump Sounds Optimism Over US-Iran Talks

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Gold Holds Gain as Trump Sounds Optimism Over US-Iran Talks Gold held a gain after President Donald Trump said the US and Iran were in talks to end the war that’s stoked inflationary concerns and raised the likelihood of higher interest rates. Bullion was near $4,075 an ounce in early trading, after advancing 0.6% on Monday. Trump said there’s “a good chance that something could happen” regarding a deal, comments that appeared to reduce the immediate prospect of military escalation.

Gold Holds Gain as Trump Sounds Optimism Over US-Iran Talks Gold held a gain after President Donald Trump said the US and Iran were in talks to end the war that’s stoked inflationary concerns and raised the likelihood of higher interest rates. Bullion was near $4,075 an ounce in early trading, after advancing 0.6% on Monday. Trump said there’s “a good chance that something could happen” regarding a deal, comments that appeared to reduce the immediate prospect of military escalation. The US leader added, however, that a return to fighting is likely if negotiations don’t yield a deal.
Gold Holds Gain (ORG) US (LOCATION) Donald Trump (PERSON) Iran (LOCATION) Trump (ORG)
Originally published by Bloomberg Markets Read original →