Odaily Planet Daily News: On Thursday, gold prices remained stable as investors hoped to receive signals from the US-Iran negotiations regarding the potential easing of geopolitical risks. FOREX.com market analyst Lazhar Shirali stated in a report, “Gold and silver are attempting to break through resistance levels of $5,200 and $90, respectively, but have not been able to sustain gains so far this week. If a geopolitical agreement is reached soon, it could increase the risk of a decline.” Peter Grant, Vice President and Senior Metal Strategist at Zaner Metals, said, “People are very focused on the progress of this third round of negotiations. But regardless, I think there is still considerable uncertainty in the market right now.” (Jin10)
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Investors await the outcome of US-Iran negotiations, gold prices remain stable
Odaily Planet Daily News: On Thursday, gold prices remained stable as investors hoped to receive signals from the US-Iran negotiations regarding the potential easing of geopolitical risks. FOREX.com market analyst Lazhar Shirali stated in a report, “Gold and silver are attempting to break through resistance levels of $5,200 and $90, respectively, but have not been able to sustain gains so far this week. If a geopolitical agreement is reached soon, it could increase the risk of a decline.” Peter Grant, Vice President and Senior Metal Strategist at Zaner Metals, said, “People are very focused on the progress of this third round of negotiations. But regardless, I think there is still considerable uncertainty in the market right now.” (Jin10)