Gold Holds Near $4,513 as Tepid Optimism Grows on US-Iran Talks

Markets opened the week of May 27 in a cautiously optimistic but tepid mood, with XAUUSD little changed near $4,513 as traders await further clarity on US-Iran negotiations. The period began with heightened tensions after President Trump’s May 19 warning of possible new strikes and mixed progress reports from VP Vance, which kept gold supported near $4,541 amid equity weakness. By May 22-23, unconfirmed Pakistan-mediated ceasefire framework reports lifted risk assets and eased WTI from $105 to $97.35. Caution returned May 26 on 60-day MOU speculation, sending gold down 0.9% to $4,530 before stabilizing as yields eased to 4.47%.