Gold edged lower as investors weighed developments surrounding a potential
US-Iran agreement, with progress toward a deal slowing despite ongoing efforts
to reach a memorandum of understanding to end the conflict. Antonio Di Giacomo
said any sign of easing Middle East tensions can quickly shift sentiment across
energy, currency and precious metals markets. He added that gold’s gains
remained limited by ongoing monetary pressures and expectations that central
banks may keep restrictive policy settings in place for longer.
