Gold Edges Down as Uncertainty Surrounds Iran Talks

Gold is hovering near $4,800 per ounce, and its next move is being shaped by a mix of geopolitics and central bank expectations, among other factors. After gaining roughly 2% last week, prices softened slightly in early trading on Wednesday in Asia. That rebound was largely driven by easing tensions around the Strait of Hormuz, which reduced immediate inflation fears and revived expectations that the Federal Reserve could move toward rate cuts. 

As things currently stand, entities like Platinum Group Metals Ltd. (NYSE American: PLG) (TSX: PTM), engaged in gold mining, are…

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