Gold prices hold steady in the United States and Iran before talks.
In early Asian trading, gold prices held steady as the United States is expected to hold talks with Iran today. Spot gold rose by 0.1% to $1,566.46 per ounce. On one hand, experts and diplomats cited by the media reported that Iran's nuclear program has not made significant progress since the United States and Israel attacked its three main nuclear facilities in June last year. However, Steve Witkoff, the chief negotiator for the United States with Iran, said that Tehran could produce fissile material for making bombs within a few days. Tony Sage, CEO of Critical Metals, said in an email: "The market is closely watching the discussions between Washington and Tehran." The CEO added: "The breakdown of negotiations may prompt funds to flow into safe-haven assets like gold."
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