Gold Prices Steady Amid US-Iran Talks, Nearing $4,480 an Ounce

Gold prices steadied after snapping a 9-day decline, holding gains as US pursues talks with Iran to end the war in the Middle East. Bullion was near $4,480 an ounce, with elevated energy prices from the conflict raising inflation risks and forcing investors to ditch their gold positions to raise cash. Spot gold rose 0.1% to $4,479.84, while silver gained 0.2% to $71.39.