Gold rose in early Asian trading as investors assessed reports that Iran has
offered to halt attacks in the Strait of Hormuz in exchange for an end to the
war and lifting of the US blockade on Iranian ports, according to The Wall
Street Journal citing officials. President Donald Trump and his
The national-security team remains skeptical of the proposal. FXEM’s Abdelaziz
Albogdady said a weaker dollar provided some support for bullion, but noted that
“mixed diplomatic signals” and setbacks in planned engagements have kept
investor conviction low.
