Gold rebounds from 1-week low, but Fed stance clouds $4,200 rally

Gold has gained traction as bullion rebounded from a one‐week low on Monday, lifted by signs of progress in US–Iran peace talks. Prices on COMEX climbed above $4,200 per ounce after Tehran cited advances in negotiations that could ease geopolitical tensions. At the time of writing, the COMEX contract was up 0.8% at $4,205.15 an ounce. Yet analysts warn that the recovery remains fragile, with technical signals pointing to further downside risks. Peace talks provide short‐term lift Gold’s rebound came after Iran’s foreign ministry said discussions with Washington had made “meaningful progress,” raising hopes that the interim ceasefire could be extended. Traders responded by covering short positions, pushing prices higher after last week’s losses. The bullion had slipped to its…