Gold holds steady amid US-Iran talks and Fed outlook
Spot gold held at $4,504.95 as investors monitored US-Iran peace talks. Markets also await Fed comments and PCE data for clues on future monetary policy.
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Gold held steady at $4,504.95 per ounce on Wednesday morning as investors monitored diplomatic friction between the United States and Iran. The metal entered a consolidation phase after Iran reported U.S. strikes near the Strait of Hormuz on Tuesday evening. Geopolitical stability and upcoming inflation data will determine if bullion tests support levels near $3,700 by year-end.
