Dutch international: Gold expected to end consecutive fall.

The downward trend of gold for five consecutive trading days may be coming to an end, as the most active gold contract rose 3.2% in early trading. Support for gold comes from signs that a ceasefire may be reached in the war with Iran, but the market is also digesting signals from the Iranian leadership that no such discussions have taken place. Iran's state news agency quoted comments from Iranian military spokesperson Ebrahim Zolfaghari, saying, "People like us will never get along with people like you. Not now, not ever." The Dutch international group, ING Economics, stated in a report that risks related to war, as well as expectations for Fed policy and currency trends, could undermine gold's rebound.