Gold consolidates as investors weigh US tariffs, Iran talks and Fed outlook

Gold (XAU/USD) is struggling for direction amidst uncertainty surrounding US tariffs and ongoing geopolitical tensions in the Middle East. Although it eased slightly after reclaiming some of its previous day’s losses, the downside seems limited due to the continued safe-haven demand driven by these factors. The recent fluctuations in gold prices derive largely from investor concerns regarding the broader economic implications of US trade policies and how these might interplay with the Federal Reserve's outlook. As traders watch these developments closely, gold prices appear to be aiming for stability while finding support against the backdrop of fluctuating market sentiments.