Overview
- Spot gold, which hit a one‑month high on Thursday, hovered around $4,790 to $4,805 on Friday morning after a small pullback.
- Washington and Tehran agreed in principle to hold another round of negotiations, and the current ceasefire is due to expire on April 21.
- Crude oil has stabilized below $100 a barrel after spiking to about $120 in late February, which has eased some pressure for new interest‑rate hikes.
- Large official purchases remain a support, with global central banks expected to buy hundreds of tonnes of gold this year.
- India and Pakistan are seeing high local prices, with Indian imports reportedly on hold and pre‑festival buying subdued, which is tightening supply and muting retail demand.