US Stock Market Today | Dow Jones | Nasdaq Live: Gold firms on softer dollar, hopes of US-Iran talks resuming
Gold prices rose over 1% as a weaker US dollar and falling oil prices supported demand, while hopes of renewed US-Iran talks eased inflation concerns. Spot gold climbed to around $4,792, with futures also gaining, as easing geopolitical tensions improved sentiment in bullion markets.
Markets are now watching progress in US-Iran negotiations and Federal Reserve policy cues. While softer producer price data offered some relief, elevated energy costs remain a concern. Traders have scaled back rate cut expectations, but analysts say gold is unlikely to fall sharply unless rate hike risks re-emerge.
