Gold (XAU/USD) price edges lower on Thursday during the American session as geopolitical tensions are tempered amid negotiations to resume US-Iran talks and a likely ceasefire between Israel and Lebanon, brokered by US President Donald Trump. At the time of writing, XAU/USD trades at $4,784, down 0.13%.
Bullion eases as truce hopes dent safe-haven appeal
The yellow metal is pressured by the US Dollar’s recovery, which is erasing some of its Wednesday losses, as shown by the US Dollar Index (DXY). The DXY, which measures the US Dollar’s value against six currencies, is up 0.21% at 98.25.
Speculation for a deal between Washington and Tehran was cheered by Wall Street, with its three largest indices posting gains. However, negotiations seem stuck as negotiators on both sides are eying a memorandum to prevent a resumption of the conflict.
Sources revealed that the US and Iran are…
