Analysis: Prospects for US-Iran negotiations remain uncertain, gold's upside may be limited

Odaily News As optimism regarding US-Iran negotiations grows, gold prices have rebounded, but further gains may be limited until the geopolitical situation becomes clearer. Analysts from Commerzbank stated: "Gold prices also rebounded on hopes for an end to the war, as this alleviates concerns that central banks would have to respond to higher inflation risks with tighter monetary policy, thereby increasing the opportunity cost of holding gold. However, as long as uncertainty remains high, the potential recovery in the gold market may be temporarily exhausted." (Jin10)