
Dollar Strengthens as Iran Talks Stall, Oil Surges and Global Markets Turn Cautious
When geopolitical risks escalate, markets do not react only to the news itself. They also react to concerns over energy, inflation, and liquidity.

When geopolitical risks escalate, markets do not react only to the news itself. They also react to concerns over energy, inflation, and liquidity.

Gold may be entering a consolidation phase after a strong rally, but demand from central banks continues to send an important signal: gold remains a strategic reserve asset amid ongoing economic and geopolitical uncertainty

Gold prices are regaining some momentum as they test resistance near $4,700 per ounce. Although the precious metal has yet to return to previous key price levels, Morgan Stanley believes gold’s upward trend is not over.
Spot gold rose 2.7% to USD 4,680.91 per ounce at 08:11 GMT, marking its highest level since April 28. This move came shortly after gold formed a low around the USD 4,500/oz area and quickly attracted renewed buying interest.

Spot gold rose 2.4% to $4,667.39 per ounce, reaching its highest level since April 28. Meanwhile, U.S. gold futures for June delivery also gained 2.4% to $4,678.20 per ounce.

At the time of writing, spot gold was trading near $4,513.70/oz, down 2.16%, while spot silver was at $72.570/oz, down 3.53%

Spot gold fell 0.5% to $4,588.71 per ounce as of 0655 GMT, while U.S. gold futures for June delivery declined 0.9% to $4,600.60 per ounce.

In the first quarter, gold prices rose by around 17% compared with the fourth quarter of the previous year. Silver posted an even stronger gain, jumping 55% in the first three months of the year.

Gold prices remained largely steady on Tuesday as investors waited for clearer signals from stalled U.S.-Iran peace talks and a series of major central bank decisions later this week.
Spot gold held around $4,709.50 per ounce at 05:53 GMT, after falling 2.5% last week, ending a four-week winning streak.