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Gold prices traded flat as investors weighed ongoing trade negotiations between the United States and China alongside heightened geopolitical tensions in the Middle East involving Iran. The precious metal remained confined to a narrow trading range as opposing catalysts offset each other, keeping market participants in a watchful stance.
On one hand, geopolitical risks and potential supply disruptions provide underlying safe-haven support for gold. On the other hand, hopes for progress in U.S.-China trade relations and monetary policy expectations have capped significant upside gains. This balance has created a temporary consolidation regime across global bullion markets.
Traders and institutional investors will closely monitor upcoming diplomatic developments and macroeconomic data releases to gauge the next directional move. Shifts in the strength of the U.S. Dollar and changes in central bank tone will also play a pivotal role in dictating gold's trajectory.
