Gold edged higher after a two-day decline, as renewed optimism about a negotiated solution to the trade war between the United States and Iran eased concerns about inflation. The precious metal traded near $4,760 an ounce, recovering some of the 0.6% loss from the previous two sessions. Despite the United States imposing a naval blockade on the Strait of Hormuz, US President Donald Trump said Iranian officials had contacted his administration, expressing a desire to "reach an agreement." Separately, Iranian President Masoud Pezeshkian said Tehran was ready to continue peace talks within the framework of international law.
