S7/10Economic

Gold edges higher as investors weigh US-Iran ceasefire deal reports, Fed rate outlook

Gold prices edged higher as investors weighed a potential U.S.-Iran ceasefire deal against persistent inflation concerns and the prospect of prolonged U.S. interest rate hikes. Despite earlier dips, gold futures saw a modest increase, reflecting ongoing market uncertainty. Other precious metals also experienced gains.

29 May 2026, 01:53 UTCSource: Economic Times

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⚠️ This is a probabilistic forecast, not a guarantee. Accuracy is measured only on resolved scenarios; monitor confirmation indicators below.
A
Escalation44% model probability

Confirmation indicators

  • Escalating rhetoric from both sides regarding the potential deal's failure. A surge in global military spending announcements.
  • Time Horizon: 10 days to two weeks
Horizon: 7–30 days
B
Status quo41% model probability

Confirmation indicators

  • Escalating rhetoric from both sides regarding the potential deal's failure. A surge in global military spending announcements.
  • Time Horizon: 10 days to two weeks
Horizon: 7–30 days
C
De-escalation15% model probability

Confirmation indicators

  • Escalating rhetoric from both sides regarding the potential deal's failure. A surge in global military spending announcements.
  • Time Horizon: 10 days to two weeks
Horizon: 7–30 days