Gold Holds Above 4,800 on Iran Talks Hopes, Targets 4,960 Extension

On April 17, 2026, Gold maintains position above the crucial 4,800 level amid sustained optimism from Iran-U.S. negotiations, with analysts eyeing further gains to 4,960 and 5,150 if supports at 4,800 and 4,755 hold. The surge started April 15 as prices neared 4,785-4,800 on Trump's talk signals, breaking decisively higher on April 16. Key risks include a drop below 4,755 exposing 4,554 support, while upside features resistances at 4,870-5,045. Bullish momentum builds on expectations of market calm.