Gold futures hold steady as Iran war uncertainty eases
Gold futures held steady for the second straight session Thursday, as hopes for a U.S.-Iran ceasefire deal eased worries that central banks may need to keep interest rates higher for longer to tamp down inflation.
Gold settled just below $4,540/oz, reversing some of the recent gains.
The steady gold price reflects easing concerns about inflation and interest rates, as the situation with Iran remains uncertain.