Gold rises in Asian trade as global bond yields pull back and the dollar softens.

Joseph Dahrieh notes that optimism about a possible U.S.-Iran truce could ease concerns over energy‑driven inflation, reducing the perceived need for the Federal Reserve to tighten policy aggressively.

Higher interest‑rate environments typically weigh on non‑yielding assets such as gold, but the current backdrop may support a rally.

Antonio Di Giacomo sees a gradual upward trend if prices remain above $4,000 a troy ounce, with $4,100 as the immediate resistance level. Spot gold gained 0.5% to $4,094.89 an ounce.

The market is watching how renewed talks between the U.S. and Iran could influence inflation expectations and monetary policy, potentially creating a favorable environment for gold.