Gold rose slightly in early Asian trading, and traders digested overnight talks between the US and Iran. Spot gold rose 0.1% to $5,185.27 an ounce. The latest round of negotiations on Iran's nuclear program ended on Thursday. No agreement was reached, and the two sides still have major differences on key issues. The US has increased pressure, made tough demands, and deployed more fighter planes and warships to the region. FXEM's Abdelaziz Albogdady said in an email that ongoing tension in the Middle East and Eastern Europe has fueled risk aversion. He added that this could steer investment capital to the precious metal.

Gold rose slightly in early Asian trading, and traders digested overnight talks between the US and Iran. Spot gold rose 0.1% to $5,185.27 an ounce. The latest round of negotiations on Iran's nuclear program ended on Thursday. No agreement was reached, and the two sides still have major differences on key issues. The US has increased pressure, made tough demands, and deployed more fighter planes and warships to the region. FXEM's Abdelaziz Albogdady said in an email that ongoing tension in the Middle East and Eastern Europe has fueled risk aversion. He added that this could steer investment capital to the precious metal.