Gold Hovers Above $4,500/oz Amid Mixed U.S.-Iran Peace Signals

GateNews
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According to reports, gold prices hovered above $4,500 per ounce on Friday, with the week expected to close roughly flat. Contradictory signals surrounding U.S.-Iran peace negotiations have kept investors cautious about inflation risks and interest rate outlooks. Tehran stated that Washington's latest proposal partially narrowed disagreements, though reports indicate Iran's Supreme Leader ordered enriched uranium stockpiles retained domestically, complicating negotiations. Separately, Iran pursued talks with Oman on establishing a permanent toll system for Strait of Hormuz shipping control, which President Trump rejected. Despite near-term price stability, gold has fallen approximately 14% since the conflict onset due to concerns that energy price volatility could trigger inflation and central bank tightening.
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