Gold steady as investors weigh Middle East tensions
Spot gold remained stable at $4,481.53 per ounce on Tuesday as market participants monitored conflicting reports regarding U.S.-Iran peace talks. Investors are also awaiting upcoming U.S. employment data and Federal Reserve official remarks to assess the future path of interest rates.
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Gold held steady at $4,481.53 per ounce overnight as investors weighed conflicting reports regarding peace negotiations between the United States and Iran. The metal remains range-bound following a partial ceasefire announcement between Hezbollah in Lebanon and Israel. Geopolitical uncertainty continues to support bullion prices as a hedge against Middle East escalation.
