Gold Rallies Modestly as Iran Talks Tame Oil Markets
Gold prices edged higher at the start of the week, supported by easing concerns in energy markets after early signs of progress emerged from discussions between the United States and Iran. This followed a tentative agreement to reopen the Strait of Hormuz, which helped calm fears of supply disruptions, while diplomatic efforts led by France saw President Trump endorse a framework aimed at reducing tensions and advancing negotiations. The resulting decline in oil prices eased inflation concerns, providing modest support for the precious metal while reducing fears of an energy-driven inflation surge. Reports show that lower crude oil prices helped improve sentiment toward the precious metal, with XAU/USD rising to trade near $4,179. U.S. Vice President JD Vance…