Gold Market Stays Calm as Traders Watch PPI Data, US-Iran Talks
The price of gold is ending the week relatively stable as traders study how the talks between the U.S. and Iran progress in Iran. While unlikely, any deal struck during those talks would ease the geopolitical tension and weigh on further gains by bullion. Also in focus is the anticipated PPI data release in the U.S. as it could have a bearing on markets. After rebounding from recent losses, gold has settled close to $5,200 and traders are observing whether the price consolidates in that range or makes further moves upwards. Tariff concerns and the dovish comments coming from Fed…
