Zaner Metals

on the bid above $4,300, and is falling after the announcement of a peace deal between the U.S. and .

Trump declares the Strait open and orders an end to the naval blockade of Iran.

Formal signing ceremony slated for Friday.

Zaner Commentary

https://www.zanermetals.com/blog.php

retreats on Middle East escalation as and rise in reaction.

Gold prices fell to a two-month low on Wednesday, ‌pressured by expectations of tighter monetary policy to fend off rising inflation, with no clear end in sight to the U.S.-backed war with Iran.

"The biggest influence continues to be the Middle East. There was some lingering ⁠optimism, but as this continues to drag out, that optimism wanes," said Peter Grant, vice ​president and senior metals strategist at Zaner Metals, adding that the ongoing conflict was heightening inflation ​concerns.

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Gold hits two-month low as war-driven inflation fuels rate-hike bets Gold prices fell to a two-month low on Wednesday, ‌pressured by expectations of tighter monetary policy to fend off rising inflation, with no clear end in sight to the U.S.-backed war with Iran.