Gold Falls on Mixed Signals Over Potential Ceasefire With Iran

Gold fell after US President Donald Trump sent mixed signals on whether the US and Iran could reach a deal to halt the nearly month-long war, further roiling global markets.

Bullion fell as much as 3.4% Thursday, but trimmed some losses after Trump said he is extending the pause of strikes on Iran’s energy sites. “Talks are ongoing,” Trump posted on Truth Social, “and, despite erroneous statements to the contrary by the Fake News Media, and others, they are going very well.”