Gold steady as US-Iran deal hopes counter inflation fears - Reuters

<a href="https://news.google.com/rss/articles/CBMiqwFBVV95cUxQRFBIY25lQ2I1TkdDTW02d3BZTkthVkVYbjNQTEdhQVlXTXpfSW5ZUlFPcmViUzNlSjZaaWgxRjc3V0lsN1hLQ3lLM0RSTUJvd2dza0RsMDBKVkdDQVhCNnlQU1oxZWpqVGNLdnlkUmNPYW5uR0NkTE1jaUdKMmhjUWJBZUlVTWhvTmxqSzE0UklsNmRxMVFsaVJDbGdsZXFybWdtLUVOenA2QTA?oc=5" target="_blank">Gold steady as US-Iran deal hopes counter inflation fears</a>&nbsp;&nbsp;<font color="#6f6f6f">Reuters</font>

Gold prices held steady on Wednesday, as pressure from a firm dollar and higher Treasury yields was offset by hopes of a potential resolution to the US-Iran conflict, easing some inflation concerns.

Gold was mixed on Wednesday, but spot prices were higher as the U.S. dollar weakened amid an easing global bond sell-off and a boost to risk sentiment after President Donald Trump said Washington was in 'final stages' of peace talks with Iran.

Gold maintains its offered tone through the early European session, remaining well within striking distance of the lowest level since March 30, as investors remain skeptical amid major disagreements over Tehran's nuclear program and the Strait of Hormuz.

Gold trades on a flat note around $4,540 during the early Asian session, as traders continue to assess developments surrounding stalled US-Iran peace negotiations and threats to the Strait of Hormuz.