Gold Flat Ahead of US-Iran Talks and Fed Data

Gold traded sideways on Wednesday as investors watched developments in talks between the United States and Iran and waited for fresh signals from the Federal Reserve on monetary policy. Spot gold was unchanged at $4,504.95 an ounce, while US gold futures held at $4,503.90. Markets are tracking the outcome of negotiations between Washington and Tehran, while also focusing on comments from Fed officials and upcoming personal consumption expenditures data. Those releases are likely to shape expectations for interest rates and broader demand for the non-yielding metal. Analysts said geopolitical tensions and expectations over the rate outlook continue to drive gold’s direction. The metal has remained sensitive to both diplomatic risks and shifts in US monetary policy expectations. Silver slipped 0.2% to $76.83, while platinum also lost ground. Palladium was unchanged.