Gold Extends Gain as Hopes for Iran Truce Ease Inflation Fears
A robot pours gold granules into molds at the Perth Mint Refinery in Perth, Australia.
Photographer: Matt Jelonek/BloombergGold extended a gain as the prospect of a US-Iran ceasefire deal eased some inflationary concerns that have weighed on bullion.
The precious metal rose as much as 0.4% to trade around $4,585 an ounce, after ending the previous session up 0.6%. President Donald Trump said Monday he had authorized a new wave of attacks against Iran this week, but was holding off after three Gulf allies requested more time to negotiate a nuclear deal.