Gold prices edged higher in early Asian trading as investors reacted to President Trump's comments about a potential U.S.-Iran deal. The president said he expects an agreement will be announced soon and may travel to Pakistan to finalize negotiations. Such a diplomatic resolution could ease energy-driven inflation pressures, potentially reducing Treasury yields and boosting gold's appeal as a non-yielding asset.

Tony Sage, CEO of Critical Metals, noted in an email that successful negotiations would likely weigh on Treasury yields while improving gold's attractiveness. However, he cautioned that any setbacks could inject volatility and create downside risks for precious metals in the near term. The market remains sensitive to developments in the ongoing diplomatic discussions.

Spot gold rose 0.1% to $4,794.26 per ounce, reflecting cautious optimism among traders. The precious metal's movement highlights how geopolitical developments continue to influence commodity markets. Investors are closely monitoring the situation as a potential deal could have significant implications for inflation expectations and safe-haven asset demand.