Gold prices saw modest gains during Asian morning trading, supported by optimism surrounding a potential agreement between the United States and Iran. Spot gold rose 0.1% to $4,794.26 per ounce. U.S. President Donald Trump indicated that he expects an announcement on a deal with Iran soon and may travel to Pakistan to finalize the arrangement. Tony Sage of Critical Metals noted via email, "A diplomatic resolution could ease energy-driven inflationary pressures, which may weigh on U.S. Treasury yields and enhance the appeal of non-yielding assets like gold." The CEO added, "However, any setbacks could inject volatility and pose downside risks for the precious metal in the near term."