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Gold Steadies as US-Iran Clashes Dim Truce Prospects in Mideast

By Bloomberg Markets May 07, 2026 Neutral
Gold Steadies as US-Iran Clashes Dim Truce Prospects in Mideast
Gold was little changed as optimism that a deal to reopen the Strait of Hormuz was imminent faded amid reports of attacks on US Navy vessels, reviving inflation concerns.
Gold was little changed as optimism that a deal to reopen the Strait of Hormuz was imminent faded amid reports of attacks on US Navy vessels, reviving inflation concerns.