Gold Remains Range-Bound as Middle East Talks Trigger Caution
Gold ended the week trading within a limited range as traders and investors remained uncertain about the near-term outlook of prices. Investors remain cautious as there is uncertainty about how talks between the United States and Iran will play out while the clock is ticking down on the 14-day ceasefire that paved the way for these talks. Furthermore, policy expectations and elevated oil prices are limiting any potential rally in gold prices. The USD also recovered modestly, and this has had a negative effect on gold buyers who use other currencies to buy gold. The precious metal is traded in…