COMMODITIES

Gold Trims Gains as Traders Weigh Iran Truce Progress

What Happened Gold gave back most of its early gains as traders weighed signs of progress on a U.S.-Iran truce against the reality that the Strait of Hormuz remains effectively shut. Bullion initially moved higher, but sentiment turned more mixed

Oil Swings as Peace Talk Hopes Meet Tight U.S. Supplies

What Happened Oil flipped between gains and losses as the market tried to balance two conflicting forces: signs of tighter U.S. supply and fresh hopes that the U.S. and Iran could keep talking long enough to extend the current ceasefire.

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