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Gold Remains Supported Amid Us-Iran Uncertainty
Gold got stuck in another consolidation as the bullish momentum remains weak amid conflicting signals. Yesterday, it looked like the third round of US-Iran talks went bad as we got reports of Iran rejecting US demands. The markets went into risk-off, eventually supporting gold prices.
Later on, we got reports that the talks made significant progress and another round was scheduled for next week. This push and pull is keeping most market rangebound, including gold.
$XAU
{future}(XAUUSDT)