Gold steady amid uncertainty over US-Iran peace negotiations

Gold held steady on Tuesday as investors parsed ‌a partial ceasefire between Hezbollah and Israel and awaited further details on the status of U.S.-Iran talks amid conflicting news. Spot gold was steady at $4,481.53 per ounce, as of 0217 GMT. ​U.S. gold futures for August delivery gained 0.1% to $4,511.20. “At the start of ​this week, there was a lot of expectation that maybe we’d ⁠get a 60-day extension to the ceasefire over the weekend. Instead, it ​looks like both sides have kind of dug into their red lines and we ​still don’t have a deal,” said Ilya Spivak, head of global macro at Tastylive. Lebanon on Monday announced a partial ceasefire between Hezbollah and Israel, in what would amount to a limited de-escalation ​of a conflict that has killed thousands of people and inflamed the broader ​war with Iran.