Gold fell on Friday, showing negative signals after breaking below the daily pivot point at $4718. If the yellow metal settles below this level, it could face further downward pressure and head toward support levels at $4619 then $4567. On the other hand, if the price gains further positive momentum, it is likely to retest resistance levels at $4777 then $4820.
Markets remain focused on rising geopolitical tensions in the Middle East as U.S.-Iran negotiations continue to face delays, adding fresh uncertainty to global financial markets. U.S. President Donald Trump stated that he is in no hurry to finalize a deal with Iran, emphasizing that any agreement would happen only when it fully serves American interests, while warning that time is running out for Tehran. At the same time, stalled diplomatic progress has pushed U.S. Treasury yields higher as investors reassess inflation and risk expectations, while oil prices are heading toward their second-largest weekly gain since the start of the war, driven by fears of prolonged supply disruptions and continued pressure around the Strait of Hormuz. Together, these developments highlight how closely energy markets, bond yields, and geopolitical stability remain interconnected
Market Watch
Trump says he is in no hurry for a deal with Iran
U.S. President Donald Trump stated that the United States is not in a race against time to reach an agreement with Iran, stressing that any potential understanding must fully guarantee American interests and prevent Tehran from developing its nuclear capabilities or threatening regional stability.
Trump explained during press remarks made today that the U.S. administration will not rush into signing any agreement that does not achieve its strategic objectives, adding that “time is not the decisive factor, but rather the quality and substance of the agreement.” He pointed out that Washington is closely monitoring developments and keeping all options on the table in case negotiations fail.
These statements come amid ongoing tensions between the United States and Iran, alongside renewed diplomatic efforts to revive understandings related to Iran’s nuclear program, as well as international attempts to reduce escalation in the Middle East.
Analysts believe that Trump’s remarks reflect a tougher approach toward the Iranian file, especially with increasing domestic and international political pressure regarding how to deal with Tehran, at a time when global markets are closely watching any developments that could affect oil prices and trade movement in the region.
U.S. Treasury yields rise on stalled US-Iran talks
U.S. Treasury yields recorded a notable rise during today’s trading, driven by increased demand for safe-haven assets amid stalled negotiations between the United States and Iran over the nuclear file, which raised investor concerns about escalating geopolitical tensions in the Middle East.
The halt in progress in the negotiations increased uncertainty in global markets, especially with growing fears of a potential return to military escalation or the imposition of additional economic sanctions. This prompted investors to move away from high-risk assets and turn to U.S. government bonds as a safe haven.
Analysts believe that the continued deadlock in the talks could support sustained demand for bonds, particularly as markets are also awaiting important U.S. economic data that may influence the monetary policy direction of the Federal Reserve in the coming months.
Oil heads for second-largest weekly rise since war began.
Oil prices are heading toward recording their second largest weekly gain since the start of the war, driven by escalating geopolitical tensions in the Middle East and ongoing concerns over supply disruptions through vital maritime routes, particularly the Strait of Hormuz, which is considered a major artery for global oil flows.
Brent crude witnessed a notable rise during the week, supported by growing concerns over potential supply disruptions resulting from rising tensions between the United States and Iran, along with continued threats affecting maritime shipping in the region. This prompted investors to price in a larger risk premium in the markets.
Recent U.S. statements regarding continued pressure on Iran, along with the slowdown in some diplomatic talks, also contributed to strengthening uncertainty, which was directly reflected in energy prices, especially amid rising seasonal demand and as markets enter a period of global consumption.
Analysts believe that if these developments continue, oil prices could move to even higher levels in the coming period, particularly if geopolitical risks persist without clear solutions, as markets await any new signals regarding the future of U.S.-Iran relations and their impact on global energy security.