🔥Institutions: Gold Turns Short-Term Bullish, US-Iran Negotiations Become Next Catalyst

According to financial website Investinglive, after the US and Iran announced a two-week ceasefire, gold received a boost yesterday as easing financial conditions supported risk appetite. However, the gains were erased as Israel's attack on Lebanon triggered a response from Iran, which stated that Lebanon has been included in the ceasefire agreement. The ceasefire remains in effect, and the first round of US-Iran negotiations will be held in Islamabad, with the possibility of extension if both sides agree. The risk of renewed conflict exists, as the US and Iran have not officially ended hostilities. Traders are re-pricing hawkish expectations, and gold is temporarily turning bullish; if negotiations fail and war breaks out, market sentiment could quickly reverse.