Gold Prices Decline Amid Uncertainty Over Iran-US Ceasefire Deal

Gold prices retreated as traders evaluated progress on a potential US-Iran ceasefire deal, despite the closure of the Strait of Hormuz. Bond yields rose, impacting gold negatively, while oil prices remained above $94 a barrel and equities pulled back from record highs. US President Donald Trump expressed optimism about a deal with Iran.

By Yihui Xie, Preeti Soni and Yvonne Yue Li Thu, April 16, 2026 at 11:31 PM GMT+3 3 min read · Yahoo Finance · April 16, 2026, 20:31 UTC

Topics: ceasefire geopolitical risk gold prices Iran-US relations market volatility

Read the full article at Yahoo Finance

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