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macroJun 12, 2026, 12:12 PM

Gold Holds Near $4,200 as US-Iran Deal Talks Weigh

Gold consolidates around $4,200 after recovering from a nearly seven-month low of $4,023, as traders assess potential US-Iran peace deal developments.

XAUUSD

Gold (XAU/USD) is trading flat on Friday near the $4,200 level, following a recovery from a nearly seven-month low of $4,023 touched earlier this week.

Traders are now awaiting further news on a potential US-Iran peace deal, which could impact safe-haven demand. The precious metal has stabilized after the sharp decline, but direction remains unclear.

Market participants are closely monitoring diplomatic signals between Washington and Tehran, as any breakthrough could reduce geopolitical risk premiums.

Source: FXStreet Forex News