Gold Slips Below $4,100 as Traders Weigh Fed Rate Path and US-Iran Talks

Gold edged lower in early Asian trading on Wednesday, slipping below the $4,100 level to around $4,070 per ounce. The move comes as market participants assess the Federal Reserve’s interest-rate outlook alongside geopolitical developments.

Uncertainty over the pace of US monetary easing is keeping bullion in check, while renewed diplomacy between Washington and Tehran over Iran’s nuclear program is also capturing attention. Traders are balancing the metal’s safe-haven appeal against the potential for progress in the talks, which could reduce regional tensions.

The price action reflects a cautious start to the session, with XAU/USD hovering near session lows as the market awaits further cues from both central bank rhetoric and diplomatic headlines.