Gold Steady as US-Iran Clashes Dim Truce Prospects in Mideast

AI Summary

Gold prices have remained steady amid increasing tensions between the US and Iran, as potential conflict dims the prospects for peace in the Middle East. Investors are closely monitoring these developments for implications on gold as a safe haven.

Gold has fallen around 11% since the conflict erupted, as the near-closing of Hormuz and resulting energy price shock fanned concerns about ...