Gold edges higher on weaker dollar and US-Iran talks
Spot gold rose 0.2% to $4,516.76 per ounce on Wednesday as a weaker dollar supported bullion prices. Investors are closely monitoring peace negotiations between the United States and Iran alongside upcoming U.S. inflation data to gauge the Federal Reserve's future monetary policy path.
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Gold ticked up on Wednesday, supported by a weaker dollar, as investors looked for signs of progress in peace negotiations between the United States and Iran and assessed the U.S. Federal Reserve’s monetary policy outlook. It follows a gain in United States gold futures for June delivery, which gained 0.3% to $4,516.30 per ounce. Investors are balancing safe-haven demand against a higher-for-longer interest rate outlook.
