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Market & Economic Intelligence Platform Insight on Macro, Commodities, Equities & Policy

10 April 2026 09:26  |

Gold Held Ahead of Iran Negotiations

Gold (XAU/USD) held steady around US$4,765/ounce in Asian trading on Friday (April 10) after three sessions of gains, as markets weighed the chances of the two-week US-Iran ceasefire holding. Focus shifted to Saturday's talks in Islamabad involving a US delegation led by JD Vance and Iranian officials, while the Strait of Hormuz issue and Trump's threats regarding tanker fees maintained uncertainty.

Market participants also awaited Friday's release of the US March Consumer Price Index (CPI) as a key indicator of interest rate expectations. A slightly weaker dollar provided a cushion, but inflation risks from the conflict and oil price movements could potentially limit gold's upside, as the precious metal is non-yielding. (asd)

Gold Price at the Time of This Analysis' Release: $4,752

- Buy if the price moves to $4,775

- Sell if the price moves to $4,755

Resistance 2: $4,806

Resistance 1: $4,786

Support 1: $4,746

Support 2: $4,726

Disclaimer:

This article is analytical in nature and is not a definitive reference. Please consider the impact of fundamental and technical developments on your trading before making any investment decisions.

Source: Newsmaker.id

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