Investors Await the Outcome of US-Iran Negotiations, Gold Prices Remain Stable

On Thursday, gold prices remained steady as investors hoped to receive signals from the US-Iran negotiations regarding the potential easing of geopolitical risks. FOREXcom market analyst Lazhar Shirazi stated in a report, “Gold and silver are attempting to break through resistance levels of $5200 and $90, but have not been able to sustain gains so far this week. If a geopolitical agreement is reached soon, it could increase the risk of a decline.” Peter Grant, Vice President and Senior Metal Strategist at Zaner Metals, said, “People are very focused on the progress of this third round of negotiations. But anyway, I think there is still considerable uncertainty in the market right now.”$MSFTon