Gold Surges as US and Iran Prepare for Second Round of Peace Talks in Islamabad

Gold prices edged higher following reports that Pakistani officials are preparing for a second round of peace negotiations between the United States and Iran. The diplomatic push, hosted in Islamabad, aims to further discussions between the two nations, triggering a reaction in global safe-haven assets. According to officials familiar with the matter, the Iranian foreign minister is expected to arrive in the Pakistani capital on Friday night accompanied by a small delegation. US security and logistics teams are reportedly already on the ground in Islamabad to facilitate the negotiation process, though a specific timeline for the talks has not been officially released. The news drove bullion prices above the $4,700 per ounce threshold. Investors typically turn to gold as a hedge during periods of geopolitical realignment or uncertainty, and the anticipation of these high-stakes talks has provided immediate upward momentum for the metal. Market participants are now closely monitoring the outcome of these discussions, as a successful diplomatic breakthrough could significantly alter the risk profile for Middle Eastern assets and global energy markets.