Internationalgold prices edged higher during early Asian trading on Friday, with spot gold (XAU/USD) rising to around USD 4,120 as markets reassess the impact of evolving geopolitical developments in the Middle East, energy price risks, and the Federal Reserve’s future monetary policy direction on the precious metals market. Geopolitical risk has once again become the primary driver for gold prices. Tensions between the United States and Iran have shown signs of renewed volatility; although markets had previously anticipated a potential diplomatic de-escalation, recent developments indicate that significant uncertainty remains. The White House stated that the U.S. remains committed to the previously agreed understanding framework with Iran,
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