Gold Holds Steady as U.S.-Iran Talks Remain Stalled

Summary

Gold held above $4,700 as U.S.-Iran talks stalled and Strait of Hormuz disruptions kept oil and inflation risks elevated.

Why this matters

The story shows how conflict in the Strait of Hormuz can affect oil, inflation, and demand for assets such as gold. It also underscores how stalled U.S.-Iran diplomacy is influencing global markets.

Gold was little changed Monday as efforts to restart U.S.-Iran peace talks remained stalled and shipping through the Strait of Hormuz stayed disrupted two months into a war that has unsettled global markets and increased inflation concerns.

Bullion traded in a narrow range above $4,700 an ounce after outlets reported that Iran had given the U.S. a new proposal to reopen the strait while delaying negotiations on its nuclear program. Over the weekend, President Donald Trump canceled a planned trip by top envoys Jared Kushner and Steve Witkoff to Pakistan, while Tehran said it would not negotiate while facing threats.

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