Skip to Content News Archives Economy Energy Oil & Gas Renewables Electric Vehicles Mining Commodities Agriculture Real Estate Mortgages Mortgage Rates Finance Banking Insurance Fintech Cryptocurrency Work Wealth Smart Money Wealth Management Investor Personal Finance Family Finance Retirement Taxes High Net Worth FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials More Innovation Information Technology FP500 Podcasts Small Business Lives Told Tails Told Shopping Financial Post Store Obituaries Place a Notice Advertising Advertising With Us Advertising Solutions Postmedia Ad Manager Sponsorship Requests Classifieds Place a Classifieds ad Working Profile Settings My Subscriptions Saved Articles My Offers Newsletters Customer Service FAQ News Economy Energy Mining Real Estate Finance Work Wealth Investor FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials HomePMN BusinessGold Extends Gain as Hopes for Iran Truce Ease Inflation FearsGold extended a gain as the prospect of a US-Iran ceasefire deal eased some inflationary concerns that have weighed on bullion.Author of the article: You can save this article by registering for free here. Or sign-in if you have an account.A robot pours gold granules into molds at the Perth Mint Refinery, operated by Gold Corp., in Perth, Australia, on Monday, Oct. 13, 2025. Gold's advance has been underpinned by central-bank buying, rising holdings in exchange-traded funds, and rate cuts by the US Federal Reserve. Photo by Matt Jelonek /Bloomberg(Bloomberg) — Gold extended a gain as the prospect of a US-Iran ceasefire deal eased some inflationary concerns that have weighed on bullion. Subscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.Subscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountorThe precious metal rose as much as 0.4% to trade around $4,585 an ounce, after ending the previous session up 0.6%. President Donald Trump said Monday he had authorized a new wave of attacks against Iran this week, but was holding off after three Gulf allies requested more time to negotiate a nuclear deal.Trump said the leaders of Qatar, Saudi Arabia and the United Arab Emirates had asked him to postpone because they believed they could strike a deal with Iran that would satisfy the US. Earlier the White House said a proposal delivered by Iran through Pakistani mediators on Sunday lacked meaningful improvement, Axios reported. Get the latest headlines, breaking news and columns.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againTreasury yields hovered near multiyear highs as still-elevated energy prices continued to fan inflation concerns. That reduces the appeal of non-yielding bullion.Gold has traded in a narrow range since falling sharply in the early days of the war as inflationary fears were moderated by the possibility of monetary easing on growth concerns. Bullion is down more than 13% since the war erupted.The “fluidity with regards to the situation in the Middle East along with oil prices and bond yields” may still weigh on gold in the short term, said Vasu Menon, a strategist at Oversea-Chinese Banking Corp. “We continue to see gold as a useful hedge against global uncertainties given significant political and economic changes happening globally, which look set to gather pace in the coming years,” he added. Spot gold was 0.4% higher at $4,584.50 an ounce as of 7:18 a.m. in Singapore. Silver was up 1.2% at $78.68. The Bloomberg Dollar Spot Index was marginally lower after ending the previous session down 0.3%. 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