Gold Climbs After Trump Extends Deadline for Ceasefire Talks

Trump pushing back Iran deadlines tells you everything about how messy this situation remains. Markets hate uncertainty, but gold loves it. We're seeing classic safe-haven flows here with that 2.3% pop. The real story is what happens to physical demand during extended geopolitical stress. COMEX inventories are already tight, and every deadline extension creates another wave of buying pressure. Central banks aren't waiting around either - they've been net buyers for 15 straight quarters. At these levels, any pullback from headline fatigue becomes a stacking opportunity. The Middle East powder keg isn't going anywhere, and neither is gold's role as crisis insurance.