Gold Holds Above $4,200 on Hopes of US-Iran Deal

Gold (XAU/USD) is trading above the $4,200 psychological level on Friday, supported by optimism surrounding a potential US-Iran agreement. According to newswires, the deal is expected to be signed next week.

Market participants are hopeful that the agreement will help reduce geopolitical tensions and alleviate inflation worries. Meanwhile, US households are becoming increasingly optimistic about the economic outlook, which may further influence demand for safe-haven assets.

The precious metal has held its ground despite a generally risk-on sentiment, reflecting continued interest in gold amid global uncertainties.