Gold Holds Above $5,200 as Markets Eye Iran Talks and Key Support Levels

Gold prices maintained their historic momentum above the $5,200 per ounce mark, driven by ongoing trade tariffs and geopolitical risks. Traders are now closely monitoring a critical technical support level at $5,143.89 to gauge the strength of the current rally. Market attention is also shifting toward upcoming diplomatic talks with Iran, a key factor that could influence safe-haven demand volatility. From a technical perspective, the XAU/USD pair remains within a robust bullish channel, with analysts targeting the $5,330 resistance level. The broader precious metals sector, including silver (XAG/USD) and gold ETFs like GLD, continues to benefit from the prevailing economic uncertainty. The interplay between diplomatic developments and trade policies remains the primary catalyst for gold's near-term price action.