Gold Wavers as Traders Weigh Truce Path Ahead of US-Iran Talks

(Bloomberg) — Gold swung between gains and losses as traders weighed the path of a fragile ceasefire as the US and Iran start talks this weekend. Bullion hovered near $4,757 an ounce as the New York Post reported US President Donald Trump is preparing the military if peace talks in Pakistan this weekend fail. Gold is heading for its third weekly gain, on pace for a 1.8% increase. Trump warned Iran that it “better stop” any effort to charge fees on ships transiting the Strait of Hormuz, after agreeing to open the critical waterway as part of a ceasefire agreement…