Gold Steady as Fragile Ceasefire Holds in Gulf After Flareup

Gold was steady after a prior gain as the US-Iran ceasefire held, despite reports of a cargo vessel being targeted. The lack of escalation eased immediate inflation-risk fears and supported a stable tone in bullion. The move appears modest and more sentiment-driven than a fundamental repricing.

Analysis

Gold was steady after a prior gain as the US-Iran ceasefire held, despite reports of a cargo vessel being targeted. The lack of escalation eased immediate inflation-risk fears and supported a stable tone in bullion. The move appears modest and more sentiment-driven than a fundamental repricing.