Gold Edges Lower As Investors Weigh Ceasefire Attempts To End The Gulf Conflict

Gold, which plunged on Thursday, ticked lower on Monday as traders weighed the prospects of a ceasefire in the Gulf against the U.S. deadline for Iran to open the Strait of Hormuz. Geopolitical developments are the primary drivers of near-term price moves and may keep volatility elevated in precious metals and related energy markets.

Analysis

Gold, which plunged on Thursday, ticked lower on Monday as traders weighed the prospects of a ceasefire in the Gulf against the U.S. deadline for Iran to open the Strait of Hormuz. Geopolitical developments are the primary drivers of near-term price moves and may keep volatility elevated in precious metals and related energy markets.