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Gold Dips With Focus on US Hormuz Plan and Iran Peace Talks
Yahoo Finance· 2026-05-04 16:13
(Bloomberg) -- Gold fell, following a second weekly decline, as traders monitored progress toward a US-Iran deal and President Donald Trump’s plan to start guiding some ships through the Strait of Hormuz. Most Read from Bloomberg Bullion dropped as much as 0.9% and traded around $4,575 an ounce in early European hours on Monday. Trump said in a social media post on Sunday that the US will begin guiding some ships that aren’t involved in the Iran conflict out through Hormuz starting Monday. Oil was stead ...