Gold Wavers Near $5,000 as Traders Assess Geopolitics, Fed Rate

Gold hovered around $5,000 an ounce as traders assessed the latest flareup in geopolitics and the Federal Reserve’s next move on interest rates. President Donald Trump said the US has to “make a meaningful deal” with Iran, adding that the next 10 days will tell whether there will be an accord. Iran is a “hot spot” right now even as officials from both sides engage in “good talks,” Trump said. He also said his son-in-law Jared Kushner will be an “envoy of peace.” Most Read from Bloomberg The US military ...