Gold Notches Second Weekly Loss as US-Iran Talks Hang in Limbo
A gold brick is handled by a worker at the smelter.
Photographer: David Gray/BloombergGold steadied as traders digested the latest developments in the standoff between the US and Iran that’s heightened inflation risks and dashed hopes for rate cuts from central banks across the world.
Bullion fluctuated between gains and losses, ultimately closing little changed and marking a second consecutive weekly decline. President Donald Trump on Friday expressed displeasure with the current state of negotiations with Iran — but stopped short of threatening fresh military action in the nine-week conflict that’s upended global energy flows.