Gold Remains Stable Amid Stalled US-Iran Peace Talks and Continued Blockade of Strait of Hormuz
Gold prices remained stable as efforts to restart US-Iran peace talks stalled and the Strait of Hormuz remained blocked, contributing to global market instability and inflation risks. The conflict, now two months old, has led to a 10% decline in gold prices since February. Analysts suggest that without a durable resolution or peace deal, gold prices may continue to trade in a narrow range.
Topics: Global Markets Gold Market Inflation Risks Strait of Hormuz US-Iran Relations