Gold advanced during the Asian morning session as market participants held onto hopes that the United States and Iran would engage in further discussions. Although the two nations have not yet reached an agreement on a new round of negotiations, White House Press Secretary Leavitt stated on Wednesday that dialogue with Iranian officials was "productive and ongoing." Zaheer Anwari, Co-Founder and CEO of The Revacy Fund, noted in an email that a potential agreement between the US and Iran represents a key variable influencing gold's trajectory. Anwari added, "If tensions ease and oil prices decline, short-term inflationary pressures could soften, alleviating some upward pressure on yields, which may provide support for gold." Spot gold climbed 0.6% to $4,819.43 per ounce.