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Market Chatter: Gold Steadied as Traders Weigh Prospects of US-Iran Peace Deal

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Gold traded in a narrow range as traders once again waited to see whether hopes of a peace deal in the Middle East would develop into something more concrete, Bloomberg reported about an hour a go this Thursday morning.

It said bullion hovered just above US$4,500 an ounce, having risen 1.4% in the previous session. Iran is assessing the latest peace proposal from the US, although Tehran gave no indication of when it would respond, it noted.

Spot gold had edged down 0.3% to $4,532.01 an ounce at 9:30 a.m. in London.

(Market Chatter news is derived from conversations with market professionals globally, and/or from other media sources. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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