Gold Edges Lower As Uncertainty Prevails In Gulf Despite Ceasefire

Gold prices edged lower on Friday as the Strait of Hormuz blockade kept oil supply and inflation concerns elevated despite the cooling effect of the two-week U.S.-Iran ceasefire. The article highlights renewed geopolitical risk and inflationary pressure, which remain supportive for safe-haven demand even as gold slips modestly.

Analysis

Gold prices edged lower on Friday as the Strait of Hormuz blockade kept oil supply and inflation concerns elevated despite the cooling effect of the two-week U.S.-Iran ceasefire. The article highlights renewed geopolitical risk and inflationary pressure, which remain supportive for safe-haven demand even as gold slips modestly.