Gold Prices Edge Up Amid US-Iran Peace Talks, While Hormuz Skirmishes Limit Gains

Gold prices edged up amid hopes for a US-Iran agreement, but tensions from skirmishes near the Strait of Hormuz limited gains. US President Trump affirmed the ceasefire remains intact despite the clashes, while markets watch for potential escalation. The market is now awaiting the US jobs report to influence Federal Reserve policy and gold's trajectory.