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Gold steady as Iran proposal lifts market sentiment, interest rate outlook caps gains

Gold (XAU/USD) holds firm at the start of the week as fresh US-Iran headlines improve market sentiment, even after talks over the weekend failed to materialize. At the time of writing, XAU/USD is trading around $4,704, little changed on the day after hitting an intraday peak of $4,730.

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Gold (XAU/USD) holds firm at the start of the week as fresh US-Iran headlines improve market sentiment, even after talks over the weekend failed to materialize. At the time of writing, XAU/USD is trading around $4,704, little changed on the day after hitting an intraday peak of $4,730.