(Bloomberg) -- Gold edged higher as traders weighed a report on a diplomatic push for a ceasefire in the Iran war. The US, Iran and regional mediators are discussing terms for a potential 45-day ceasefire that could lead to an end of fighting, Axios reported, citing sources with knowledge of the talks. Over the weekend, US President Donald Trump threatened to bring “Hell” to Iran if it didn’t open the Strait of Hormuz, an ultimatum that Tehran rejected. Economists are forecasting a 1% increase in the consumer price index for March, which would be the sharpest one-month advance since 2022. Spot gold traded 0.4% higher at $4,695.41 an ounce by 11:04 a.m. in London.

Source: Mint April 06, 2026 14:12 UTC