Oil and gold prices volatile as US-Iran ceasefire holds and frays

Oil and gold prices are fluctuating as the US-Iran ceasefire shows signs of both holding and fraying. While gold prices initially steadied, they later fell on concerns the truce is weakening. Oil prices edged up despite President Trump's vow to act on Hormuz tensions, but then slid 3% as the fragile ceasefire held and US-flagged ships transited the Strait of Hormuz.