Gold was steady, after a second weekly decline, as traders monitored progress toward a US-Iran deal and President Donald Trump’s plan to start guiding some ships through the Strait of Hormuz.
Bullion was near $4,620 an ounce. Trump said in a social media post on Sunday that the US will begin guiding some ships that aren’t involved in the Iran conflict out through Hormuz starting Monday and flagged “positive discussions” with Tehran.