Gold holds gain as US-Iran truce hopes calm inflation fears
Gold prices remain stable as a tentative US-Iran agreement aims to ease tensions in the Strait of Hormuz. The deal requires Iran to remove mines from the strait within 30 days in exchange for the US lifting its naval blockade. This development has calmed inflation fears and positively impacted both gold and cryptocurrency markets.
- ▪Gold was trading near $4,700 per ounce following reports of a US-Iran agreement.
- ▪The agreement involves Iran clearing mines from the Strait of Hormuz in exchange for the US lifting its blockade.
- ▪The Strait of Hormuz is crucial for global oil flows, handling about a fifth of them.
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Gold holds gain as US-Iran truce hopes calm inflation fears A tentative agreement requiring Iran to clear mines from the Strait of Hormuz has eased oil supply fears, keeping gold near $4,700 and lifting crypto sentiment alongside it. Share Add us on Google by Editorial Team May. 28, 2026 window.sevioads = window.sevioads || []; var sevioads_preferences = []; sevioads_preferences[0] = {}; sevioads_preferences[0].zone = "01f21ccf-2092-46b1-9ac7-8c44cc782e0f"; sevioads_preferences[0].adType = "native"; sevioads_preferences[0].inventoryId = "c5700508-581b-472c-8fdd-a931cdbfc8e1"; sevioads_preferences[0].accountId = "1e47efc1-ec2d-4fca-a8b9-354e249e5095"; sevioads.push(sevioads_preferences); Gold held onto its gains after reports surfaced of a tentative US-Iran agreement that could extend the…
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