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 Holds Decline as Iran Attacks Threaten Mideast CeasefireGold held a loss after Iran fired several rounds of missiles toward Israel, jeopardizing efforts to end the Middle East war that’s upended global markets.Author of the article:Last updated 2 hours ago You can save this article by registering for free here. Or sign-in if you have an account.9yor61rbiyxng}020)4[p0]5_media_dl_1.png Bloomberg(Bloomberg) — Gold held a loss after Iran fired several rounds of missiles toward Israel, jeopardizing efforts to end the Middle East war that’s upended global markets.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 AccountorBullion was near $4,335 an ounce on Monday, after giving up nearly 5% last week. The fresh Iranian attacks on Sunday follow the worst flare-up in regional tensions since a ceasefire was agreed in early April. US President Donald Trump said he still wants a negotiated solution to the conflict with Tehran.The war, now in its fourth month, has disrupted energy flows via the Strait of Hormuz, driven oil prices higher and raised concerns about global inflation. This makes central banks more likely to keep interest rates steady or raise them — a headwind for precious metals.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 againKey issues concerning the conflict in the Middle East remain “unresolved,” Rhona O’Connell, head of market analysis at StoneX Group Inc., said in a note. “Our belief in a downward bias is, so far, being vindicated, but we are keeping our eyes open for any bargain hunting.”Bullion erased its year-to-date gain on Friday after robust US jobs data fueled bets that the Federal Reserve would raise borrowing costs in 2026. Bond yields and the US dollar climbed after jobs growth topped all forecasts in May, weighing on gold that’s priced in the US currency.Traders were also assessing another around of gold purchases by the People’s Bank of China, which added around 10 tons to its reserves last month. That was the highest monthly total since 2024 and extends the Chinese central bank’s buying streak to 19 months, underscoring continued interest from one of the world’s biggest buyers.Gold edged up 0.2% to $4,337.91 an ounce as of 7:40 a.m. in Singapore. Silver rose 0.2% to $67.94 an ounce, after falling nearly 10% last week. Platinum and palladium both advanced. The Bloomberg Dollar Spot Index, a gauge of the US currency, was up 0.1% after gaining 1.1% last week. Join the Conversation This website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.