Gold Steady as US-Iran Risks Continue
Gold prices edged lower, holding near $5,200 per barrel in Asian trading, as markets assessed the United States and Iran's decision to resume nuclear talks next week. Although Omani mediators cited "significant progress," sentiment remained defensive as US military buildup in the Middle East kept the risk of conflict alive.
Gold had strengthened in the previous session and remains on track for a weekly gain. However, its future direction remains highly sensitive to headlines: Iran struck an optimistic tone regarding the outcome of the Geneva discussions, while sources familiar with the US position reported that the American delegation left the meeting disappointed with what they considered inadequate achievements. Technical discussions are expected to continue in Vienna.
Trend-wise, gold's rally throughout 2026 remains solid. Reuters noted that gold bullion has risen 20% this year and reached a record $5,594.82 on January 29, before stabilizing in the psychological $5,000+ area. On Friday, spot gold traded in the range of $5,184–$5,185 and was poised to post its seventh consecutive monthly gain.
Market focus is also on Fed policy: relatively stable employment data and cautious signals from Fed officials suggest US interest rates will remain tight for longer—factors that could limit gold's gains, although geopolitical premiums and the imposition of US tariffs remain key drivers. (alg)
Source: Newsmaker.id
