@secamcommunityminers: Gold climbed above $4,700 an ounce on Wednesday, rising for a second consecutive session as signs of de-escalation in the Middle East pushed oil prices lower, easing inflation concerns. According to Axios, the White House is nearing a one-page Memorandum of Understanding with Iran to end the conflict and begin nuclear negotiations, the closest the parties have been to a deal since the conflict started. The proposal would require Iran to accept enhanced UN inspections, halt nuclear enrichment for 12–15 years, potentially transfer highly enriched uranium abroad, and limit underground facilities. In return, the US would gradually lift sanctions and unfreeze billions in Iranian assets. Earlier, US President Donald Trump paused escalation plans, citing progress in talks. Gold has faced significant selling pressure since the war began, as soaring energy costs fueled inflation fears and reinforced expectations that central banks might keep interest rates elevated or tighten policy further. #goldbar #millionaire #millionairemindset #luxury #UK

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Wednesday 06 May 2026 18:41:06 GMT