Analyst: Gold is falling, affected by potential position adjustments before the US-Iran talks.

Gold fell in Asian early trading, influenced by the possibility of position adjustments. Bas Kooijman of DHF Capital stated in an email that the arranged talks between the US and Iran cautiously suggest that diplomatic channels remain open. The CEO and asset manager stated, "Any actual easing of tensions could lead to funds flowing into risk assets and suppress safe-haven demand." Kooijman added that talks expected between Russia and Ukraine also bring preliminary hopes of progress, despite ongoing hostile actions. Spot gold fell by 0.7% to $4,957.83 per ounce.