Longer term concerns are more supportive. Reuters stated in an article the continued buying of gold by funds and futures contracts and growing official sector demand would strengthen gold’s buying interest. Further, the more hawkish long-term U.S. Treasury bonds provide incentive to gold.Diplomatic efforts to allay tensions in the Strait of Hormuz have lessened some geopolitical tensions, but Washington has announced plans to push for more international support for sanctions on Iran. Until the sanctions are ...