#GOLD Gold holds ground amid uncertainty over US-Iran talks
Gold is at $4,490 an ounce amid Middle East conflict. Trump said a peace deal with Tehran is possible despite fresh attacks.
Gold holds ground amid uncertainty over US-Iran talks
Gold prices remained steady after early swings as renewed tensions in the Middle East added to uncertainty over talks between the US and Iran to end the war, Bloomberg reported.
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Gold was at around $4,490 an ounce. The metal fell 0.6% in early trading but recovered its losses as investors continued to watch developments in the region, where the conflict is weighing on energy markets and fueling inflation fears.
The US said it had struck an oil tanker bound for Iran.
US President Donald Trump said Washington could soon reach an interim peace deal with Tehran. His comments came after Iranian state media reported that talks had been suspended due to fighting in Lebanon. The next round of talks between Israel and Lebanon is scheduled for Wednesday.
Meanwhile, attacks in the region continue. Iran reportedly fired ballistic missiles at Kuwait and Bahrain, while US forces struck the island of Qeshm. Oil prices rose for a third day in a row as tensions escalated, with Brent crude rising to $97 a barrel.
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