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

Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Gold held near $4,075 an ounce after Trump expressed optimism over US-Iran talks, which reduced immediate prospects of military escalation. Oil extended declines as Washington held off attacking Iran for a third consecutive day. Traders are positioning for a closely contested Fed rate decision, with interest-rate swaps implying about a 40% chance of a quarter-point hike on Wednesday.