Gold on track for worst month since 2008 as Iran war enters its fifth week

Skip Navigation Markets Business Investing Tech Politics Video Watchlist Investing Club PRO Livestream Menu Key Points Gold edged higher on Tuesday morning, but the metal remained on course to notch its biggest monthly decline in almost 17 years. Spot prices are now on track for a monthly decline of 14.6%, which would mark the metal's biggest monthly drop since 2008. In this article XAU= @GC.1 Follow your favorite stocks CREATE FREE ACCOUNT Gold rose on Thursday as the widening Middle East conflict drove investors towards the safe-haven asset, while a softer dollar also lent support to prices.Photographer: Damian Lemanski/Bloomberg via Bloomberg | Bloomberg | Gold edged higher on Tuesday morning, but the metal remained on course to notch its biggest monthly decline in almost 17 years. By 3:30 a.m. ET, U.S. spot gold was trading around 1% higher at $ 4,553.69 per ounce. Front-month gold futures were up by 0.6% to settle at around $4,553. Stock Chart Icon Stock chart icon Spot gold price The gains came amid lingering uncertainty over the trajectory of the U.S.-Iran war, which has entered its fifth week. The Wall Street Journal reported on Monday evening that U.S. President Donald Trump told aides he was willing to end military hostilities against Iran even if the Strait of Hormuz remained largely closed. Trump said in Truth Social post that Washington was "in serious discussions" with Iranian officials, but added that if a deal was not reached soon U.S. …