Gold Posts Worst Month Since 2008 Despite Hopes War Is Near End
An employee handles one kilogram gold bars at a bullion dealer headquarters in Bangkok, Thailand.
Photographer: Chalinee Thirasupa/BloombergGold logged its worst month since the global financial crisis despite climbing for a third session Tuesday on signs the US and Iran are open to ending the war in the Middle East.
The US dollar and Treasury yields retreated further on reports that both countries are signaling an opening toward a resolution. That helped boost bullion as much as 3.9% to the highest in more than a week before closing 3.5% higher at $4,668.06 an ounce, translating into a 12% decline in March.