Gold advanced after officials signaled the US was nearing a deal with Iran to reopen the Strait of Hormuz and restore oil flows, easing inflation fears.
Gold advanced after officials signaled the US was nearing a deal with Iran to reopen the Strait of Hormuz and restore oil flows, easing inflation fears.
A worker polishes a one kilogram gold bar at the ABC Refinery smelter in Sydney, Australia, on Friday, May 3, 2024. Gold edged higher after mixed signals from the US, where optimism is growing the economy is on target for a soft landing as the Federal Reserve fights inflation.