Singapore, 29 May 2026 – Gold held its gains as investors assessed hopes for a US-Iran truce, with easing concerns over oil-driven inflation helping the precious metal recover after recent pressure from rate-hike expectations.
Spot gold rebounded more than 1% on Thursday after touching a two-month low earlier in the session, rising to around US$4,504 an ounce, while US gold futures settled higher at US$4,532.40. The move came after reports that the United States and Iran had agreed to a 60-day ceasefire extension, pending approval from US President Donald Trump.
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