Gold Steady as Fragile Ceasefire Holds in Gulf After Flareup

AI Summary

Gold prices remain steady following a fragile ceasefire in the Gulf region amidst fears of renewed conflict. The market's response reflects the delicate balance between geopolitical stability and economic factors.

Gold was steady after a gain as the US-Iran ceasefire continued to hold despite reports of a cargo vessel being targeted, easing fears of an escalation that would fuel inflation risks.