April 28 (Reuters) - Gold held steady on Tuesday as
investors awaited more clarity on stalled peace talks between
the United States and Iran, as well as key central bank
decisions this week to see if the Middle East conflict has
altered the interest rate outlook.
FUNDAMENTALS
* Spot gold was up 0.2% at $4,693.04 per ounce, as of
0053 GMT. U.S. gold futures for June delivery rose 0.3%
to $4,707.80.
* U.S. President Donald Trump discussed a new Iranian
proposal on resolving the war with Tehran with his top national
security aides on Monday, as the conflict remains in a stalemate
with energy supplies from the region reduced.
* A U.S. official said on Monday that Trump is unhappy with
the Iranian proposal because it did not address Iran's nuclear
programme.
* Analysts have raised their annual gold price forecasts, a
Reuters poll showed, with strong central bank demand and
economic uncertainty expected to offset risks from surging
inflation and hawkish policy bets due to the Middle East
conflict.
* Analysts have lowered their 2026 platinum and palladium
price forecasts, with speculative momentum waning as risks from
the Middle East conflict threaten economic growth and the auto
sector, heightening market volatility.
* The U.S. Federal Reserve is widely expected to hold
interest rates steady on Wednesday.
* Investors will also be focusing on other central bank
decisions this week, including from the Bank of Japan, the
European Central Bank and the Bank of England.
* The Senate Banking Committee is expected on Wednesday to
advance Kevin Warsh's nomination as Fed Chair to the full
Senate, with a vote now set for 10 a.m. EDT (1400 GMT).
* Spot silver rose 0.5% to $75.91 per ounce, platinum
gained 0.7% to $1,997.22, while palladium was
steady at $1,476.47.
DATA/EVENTS (GMT)
1000 France Unemp Class-A SA Mar
1400 US Consumer Confidence Apr
:: Japan JP BOJ Rate Decision 28 Apr
(Reporting by Noel John in Bengaluru)
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