Negotiations between the US and Iran signal conflict, gold prices slightly decrease.

Sina Finance news on March 31st, the price of gold slightly fell as conflicting signals emerged in negotiations between the United States and Iran. Spot gold fell by 0.1% to $4,508.23 per ounce. The Iranian Foreign Ministry denied US President Trump's claims that Washington and Tehran are in talks. However, Trump named Mohammad-Bagher Ghalibaf in an interview with the New York Post on Monday, calling him one of the Iranian officials engaged in dialogue with the US to end the war. Fawad Razaqzada, market analyst at FOREX.com, said in an email, "At the moment, everything depends on how the situation in the Middle East develops." The analyst added, "The US dollar is quietly rising again, and bond yields remain stable - both of which are typically unfavorable for gold."