Gold Holds Gains Amid US-Iran Peace Optimism

2026-05-29 00:04 By Jam Kaimo Samonte 1 min. read

Gold steadied near $4,500 an ounce on Friday after recovering in the previous session, as reports of a preliminary agreement between the US and Iran eased concerns over inflation and interest rates.

Washington and Tehran are reportedly set to extend their ceasefire by 60 days and begin talks over Iran’s nuclear program, while also considering unrestricted shipping through the Strait of Hormuz.

Still, the report noted that President Donald Trump has not yet approved the proposed terms, while Vice President JD Vance said it remains too early to determine whether or when a deal with Iran could be finalized.

Gold has faced strong selling pressure since late February as the surge in oil prices triggered by the Iran conflict fueled inflation worries and strengthened expectations for tighter monetary policy.

Meanwhile, the US Federal Reserve is widely expected to keep interest rates unchanged this year, although policymakers continue to warn about persistent inflation risks.



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Gold is up by 2%
Gold increased 2% to 4585.22 USD/t.oz
2026-05-29
Gold Rises on Ceasefire Hopes but Heads for Monthly Drop
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2026-05-29
Gold Holds Gains Amid US-Iran Peace Optimism
Gold steadied near $4,500 an ounce on Friday after recovering in the previous session, as reports of a preliminary agreement between the US and Iran eased concerns over inflation and interest rates. Washington and Tehran are reportedly set to extend their ceasefire by 60 days and begin talks over Iran’s nuclear program, while also considering unrestricted shipping through the Strait of Hormuz. Still, the report noted that President Donald Trump has not yet approved the proposed terms, while Vice President JD Vance said it remains too early to determine whether or when a deal with Iran could be finalized. Gold has faced strong selling pressure since late February as the surge in oil prices triggered by the Iran conflict fueled inflation worries and strengthened expectations for tighter monetary policy. Meanwhile, the US Federal Reserve is widely expected to keep interest rates unchanged this year, although policymakers continue to warn about persistent inflation risks.
2026-05-29