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Asian market early trading, international spot gold prices rose slightly, steadily climbing higher. This gold price increase is mainly driven by market sentiment, with investors holding positive expectations that the US and Iran will engage in more dialogue and negotiations, easing geopolitical tensions. Safe-haven funds still have demand for gold, supporting the gold price to operate on a relatively strong trend.
The current market is focused on the subsequent developments in US-Iran relations. If the two countries initiate more talks, it is expected to ease Middle Eastern geopolitical risks, and gold safe-haven buying may decrease; if the talks fall through and tensions tighten, gold may gain stronger upward momentum. In the short term, the fluctuations in gold prices during the Asian market early trading reflect the direct impact of international geopolitical developments on the precious metals market.