Gold steady as investors await details of US-Iran peace deal

Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Gold prices held steady following a significant prior rise as investors awaited further details on a preliminary U.S.-Iran peace deal aimed at extending a ceasefire and reopening the Strait of Hormuz. Citi raised its gold price forecast, and market participants are also looking ahead to the Federal Reserve's upcoming policy decision.