Gold Heads for Fourth Weekly Gain on Optimism for US-Iran Truce

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Gold:Gold headed for a fourth weekly gain after President Donald Trump expressed optimism that the US and Iran could agree a permanent ceasefire to end the war that’s upended markets and heightened inflation fears.Bullion was steady near $4,795 an ounce in early trading, having added nearly 1% this week. Trump said on Thursday that Iran had agreed to terms it has long resisted, including the reopening of the Strait of Hormuz, although some European and Gulf Arab leaders predicted that a US-Iran peace deal could take about six months to be brokered.