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 national-security team remain 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

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 national-security team remain 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.