Gold is relatively stable awaiting the results of the US-Iranian talks
Gold prices witnessed relative stability, Thursday, as investors preferred to wait before the start of the third round of nuclear talks between the United States and Iran in Geneva, looking forward to indications about the possibility of easing geopolitical tensions.
Other precious metals Silver fell 1% to $88 per ounce, while platinum fell 1.6% to $2,249, and palladium also lost 1.6% to $1,766.
Razan Hilal, market analyst at FOREX.com, said in a note: "Gold and silver are trying to break through the resistance levels at $5,200 and $90, but have failed to sustain their gains so far this week, increasing downside risks if a geopolitical agreement is reached in the near term."
On the other hand, Peter Grant, chief metals strategist at the company, said: "Zaner Metals" He still expects the price of gold to rise towards $5,340 and then to $5,400, indicating the possibility of some short-term corrections.
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