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Gold prices (XAU/USD) rose modestly to $4,795 during the early Asian session on Friday as traders balanced easing geopolitical tensions with ongoing inflationary pressures. The potential next round of U.S.-Iran talks, possibly occurring over the weekend, has introduced uncertainty into the market. While reduced geopolitical risks typically weigh on safe-haven assets like gold, persistent inflation expectations continue to support demand for the precious metal as a hedge. Traders are closely monitoring the evolving geopolitical landscape and central bank policy signals for directional cues. The outcome of the U.S.-Iran negotiations could significantly impact risk appetite, while inflation data and Federal Reserve policy guidance will remain critical factors for gold's trajectory in the coming weeks.
