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

Odaily News On Thursday, gold prices remained stable as investors looked to the US-Iran talks for signals on whether geopolitical risks could ease. "Gold and silver are attempting to break through resistance levels of $5,200 and $90, but have failed to sustain gains so far this week. If a geopolitical agreement is reached in the near term, it could increase downside risks," said Razaq Hilal, a market analyst at FOREX.com, in a report. Peter Grant, Vice President and Senior Metals Strategist at Zaner Metals, said, "People are paying close attention to the progress of this third round of talks. Regardless, I believe the current level of uncertainty in the market is still quite significant." (Jin10)