Gold clawed back some losses after a report about a diplomatic push for a ceasefire to the war in Iran, even as President Donald Trump ramped up his threats of escalation to the conflict that’s roiled global markets.
Bullion trimmed some losses to trade near $4,630 an ounce after declining as much as 1.6% earlier. The US, Iran and regional mediators are discussing terms for a potential 45-day ceasefireBloomberg Terminal that could lead to an end of fighting, Axios reported, citing sources with knowledge of the talks.
