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Gold prices (XAU/USD) remain stagnant near $4,790, showing limited directional bias after retreating from a one-month peak of $4,871 earlier this week. The lack of momentum reflects cautious market positioning ahead of potential developments in US-Iran peace talks, which could influence safe-haven demand. While geopolitical tensions typically support gold, the absence of immediate escalation has kept the market in a consolidation phase. Traders are now monitoring central bank policy shifts and inflation data for renewed impetus, with key support at $4,750 and resistance at $4,850. The US Federal Reserve's stance on interest rates and broader macroeconomic indicators will likely dictate the next major move in the gold market.
