Gold Price Forecast: XAU/USD buyers still hesitant despite hopes for US-Iran diplomacy

Gold is clinging to recovery gains above $4,750 early Tuesday, capitalizing on hopes for diplomacy between the United States (US) and Iran. However, concerns over the Strait of Hormuz still pose a downside risk for the bright metal. Gold builds on the previous rebound, back above $4,750 early Tuesday amid hopes for another round of US-Iran peace talks.The US… Gold is clinging to recovery gains above $4,750 early Tuesday, capitalizing on hopes for diplomacy between the United States (US) and Iran. However, concerns over the Strait of Hormuz still pose a downside risk for the bright metal. Gold builds on the previous rebound, back above $4,750 early Tuesday amid hopes for another round of US-Iran peace talks.The US Dollar consolidates near six-week lows amid a return of risk appetite and doubts over the Fed’s policy outlook.Gold downside remains exposed as the RSI struggles at 50 amid a Bear Cross confirmation.  Gold is clinging to recovery gains above $4,750 early Tuesday, capitalizing on hopes for diplomacy between the United… For traders, this matters because commodity headlines often feed directly into inflation expectations, sector rotation and currency pricing. Watch follow-through, not just the first reaction: liquidity, volatility and confirmation across related assets usually tell the real story.