Gold steady as markets assess Mideast ceasefire talks
Gold prices held steady on Thursday, as investors awaited clearer signs of progress in Middle East de-escalation efforts and stayed cautious ahead of fresh geopolitical developments that could shape safe-haven demand. Spot gold was steady at $4,503.29 per ounce as of 0300 GMT. US gold futures for April delivery lost 1.2% to $4,500. Iran said it is reviewing a US proposal to end the war, but added it has no intentions of holding talks to end the widening conflict, the country’s foreign minister said on Wednesday. The U.S. had sent a 15-point ceasefire proposal to Tehran earlier this week, reportedly via Pakistan. “The really big moves will happen probably at the start of next week when it becomes clearer whether the US launches a ground invasion in Iran over the weekend