Gold retreated on Thursday, pulling back below $4,500 per ounce after just one day of gains, as conflicting signals between Washington and Tehran over the prospect of peace talks unsettled markets and prompted investors to reduce exposure to the precious metal. Spot gold fell about 1% to $4,476 per ounce… Gold retreated on Thursday, pulling back below $4,500 per ounce after just one day of gains, as conflicting signals between Washington and Tehran over the prospect of peace talks unsettled markets and prompted investors to reduce exposure to the precious metal. Spot gold fell about 1% to $4,476 per ounce in early Asian trading, while US April gold futures shed 2.1% to $4,457, erasing a portion of the rebound recorded on Wednesday when diplomatic signals from US President Donald Trump had
Gold retreated on Thursday, pulling back below $4,500 per ounce after just one day of gains, as conflicting signals between Washington and Tehran over the prospect of peace talks unsettled markets and prompted investors to reduce exposure to the precious metal. Spot gold fell about 1% to $4,476 per ounce… Gold retreated on Thursday, pulling back below $4,500 per ounce after just one day of gains, as conflicting signals between Washington and Tehran over the prospect of peace talks unsettled markets and prompted investors to reduce exposure to the precious metal. Spot gold fell about 1% to $4,476 per ounce in early Asian trading, while US April gold futures shed 2.1% to $4,457, erasing a portion of the rebound recorded on Wednesday when diplomatic signals from US President Donald Trump had briefly lifted sentiment and sent the metal climbing roughly 4% in a single session. The reversal came after Iran’s foreign minister publicly rejected the suggestion that negotiations were underway, contradicting Trump’s assertion that Tehran was eager to seal a deal. The mixed messaging left traders unable to determine whether the four-week-old conflict was moving meaningfully toward de-escalation or simply generating noise. “In the next 24 to 48 hours, gold prices will just be about reacting to headlines about negotiations,” Kyle Rodda, a senior financial market analyst at Capital.com, said. He added that more decisive price moves are likely early next week as clarity emerges on whether a US grou