XAU/USD stabilizes below $4,550 as investors monitor ceasefire negotiations amid mixed signals from Tehran and Washington.
Gold prices remained steady at $4,545 in early Asian trading Friday, reflecting cautious sentiment as markets await developments in US-Iran ceasefire talks. The precious metal’s lack of movement comes despite partial progress in negotiations, with Iranian officials acknowledging some alignment but disputes over uranium stockpiles and Strait of Hormuz tolls persisting.
Traders are balancing geopolitical risks against potential shifts in monetary policy, as Kevin Warsh prepares to take over as Fed Chair. His first FOMC meeting is scheduled for June, though Jerome Powell continues in a temporary capacity. Analysts note gold’s sensitivity to real yields and the USD, with energy supply shocks potentially counteracting its safe-haven appeal.
US President Donald Trump warned of possible renewed attacks if Iran rejects terms, adding to uncertainty. The metal’s performance remains tied to both geopolitical tensions and central bank policy expectations.