Gold gains on softer dollar; Iran-US talks in focus

Gold prices edged higher on Thursday, buoyed by a softer dollar and safe-haven demand fuelled by uncertainty surrounding US tariff policy and U.S.-Iran talks. Spot gold was up 0.3% at $5,183.85 per ounce, as of 0258 GMT. Bullion hit a more than three-week high on Tuesday. US gold futures for April delivery were down 0.5% at $5,200.50. “Price action reflects a re-pricing of fresh policy (tariff) uncertainty, geopolitical concerns and a subdued dollar,” said Christopher Wong, a strategist at OCBC. “Two-way consolidation is still likely in the interim as markets digest geopolitical (news), dollar moves, tariff surprises and Fed policy uncertainty.” The dollar began the day on the back foot, as better-than-expected earnings from Nvidia boosted investor confidence and markets awaited details of the latest U.S. tariffs on imports of foreign goods.