Global gold demand rose 2% in Q1 as bar and coin investment and central bank buying offset weaker jewellery demand, new WGC data showed.
Oil prices held near recent highs while gold stayed steady, with supply disruption and Fed policy expectations driving commodity markets.
Oil prices hit a two-week high after stalled U.S.-Iran talks and reduced Strait of Hormuz traffic tightened global crude supply for buyers.
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UN pressure grew for restored Strait of Hormuz passage after Antonio Guterres warned that shipping limits threaten global trade and commerce.
Global gold demand rose 2% in Q1 as bar and coin investment and central bank buying offset weaker jewellery demand, new WGC data showed.
Oil prices held near recent highs while gold stayed steady, with supply disruption and Fed policy expectations driving commodity markets.