Gold prices edged higher to trade near $4,200 an ounce as investors balanced the prospect of an energy truce against persistent geopolitical risks in the Middle East. The precious metal remains supported by safe-haven demand and broader uncertainty over global growth and inflation.
Remember 2019? Abqaiq burns, gold spikes, everyone screams World War III, then three weeks later it’s back to brunch and cheap jet fuel. This time the twist is a “truce” — which in that region just means halftime. Traders bid up $4,200 on the pause, then eat the loss when the whistle blows. Same circus, fancier tent.