Gold Pares Dramatic Losses as Trump Backs Off From Iran Threat
Yahoo Finance·2026-03-23 20:31
(Bloomberg) -- Gold pared dramatic losses as US President Donald Trump postponed military strikes against Iranian energy infrastructure for a five-day period after what he described as productive talks toward ending hostilities. Spot gold briefly traded higher before slipping about 2% as Iran denied the discussions. Silver rebounded, erasing losses of more than 10%. US stocks rose while Treasury yields and the dollar retreated. Traders reduced bets on Federal Reserve tightening, pricing in some easing. ...