Gold Rises for Third Consecutive Day Amid Uncertainty Over U.S.-Iran Ceasefire Deal

Gold prices rose on Thursday as traders weighed the potential impact of a possible ceasefire deal between the United States and Iran. However, optimism waned later in trading after hopes for an agreement faded. Gold has declined over 10% since late February due to rising inflation concerns linked to energy price shocks.

By Yihui Xie and Jack Ryan Thu, May 7, 2026 at 11:54 PM GMT+3 1 min read · Yahoo Finance ·

Gold Rises for Third Consecutive Day Amid Uncertainty Over U.S.-Iran Ceasefire Deal

Topics: geopolitical_tensions gold US-Iran_relations

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