Traders push Gold marginally higher as markets process Iran’s offer to cease Strait of Hormuz attacks. Officials reported that Tehran seeks a full cessation of hostilities and an end to the blockade in exchange for de-escalation. Skepticism from President Trump’s security advisors tempers enthusiasm, creating uncertainty that limits firm buying despite the diplomatic overture.

dollar weakness following the report lends some support to FXEM’s assessment of the metal’s appeal. Yet contradictory messaging and postponed meetings keep serious accumulation at bay, according to Abdelaziz Albogdady. The mix of fragile geopolitical hopes and unresolved tensions leaves speculators cautious, preventing sustained momentum in the yellow metal despite the initial positive reaction.

Spot gold inched up 0.2% to $4,691.75 per ounce, reflecting the subdued impact of the proposal. Persistent diplomatic ambiguity continues to define price action, with investors awaiting clearer policy signals. Concrete settlement of regional disputes remains distant, ensuring that safe-haven demand dictates trading ranges without confirming a decisive directional move.