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Gold Steadies as US-Iran Clashes Dim Truce Prospects in Mideast

Bloomberg Markets · May 7, 2026, 10:44 PM · Also reported by 4 other sources

Gold was little changed as optimism that a deal to reopen the Strait of Hormuz was imminent faded amid reports of attacks on US Navy vessels, reviving inflation concerns.

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The Hindu U.S. and Iran trade fire, threatening fragile truce The Guardian US and Iran close to temporary truce, Pakistani officials claim CNBC Asia-Pacific markets open lower on fresh Iran-U.S. tensions following clashes Forbes Gold And Silver Reach Highest Prices In Weeks Amid Iran Peace Hopes

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Gold Steadies as US-Iran Clashes Dim Truce Prospects in Mideast

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