US–Iran Negotiations Fail: Here’s the Gold Price Outlook for the Coming Week

Negotiations between the United States (AS) and Iran ended without an agreement. After that happened, precious metal prices are projected to rise again.
After the negotiations failed, Currency and Commodity Analyst, Ibrahim Assuaibi, estimates that in this two-week pause both the US–Israel and Iran will consolidate. The potential for an open war could also return to the table.
“If a full-scale war really happens, this will help gold prices rise,” Ibrahim said on Sunday (12/4/2026).
Ibrahim added that if Iran closes the Strait of Hormuz again, then global oil prices will rise, the U.S. dollar index will strengthen, and inflation will be high. If that happens, global central banks are likely to keep interest rates steady and/or raise interest rates.
As for the week ahead, if global gold prices correct, Ibrahim projects the first support at US$ 4.638 per troy ounce and precious metals at Rp 2.840.000 per gram.
If they correct again, the second support level for global gold prices is expected to be at US$ 4.358 per troy ounce, and the precious metals price is likely to be at Rp 2.780.000 per gram.
However, if prices were to rise, the first resistance level for global gold prices would be at US$ 4.897 per troy ounce, and precious metals at Rp 2.880.000 per gram.
If they strengthen again, in the week ahead, global gold prices could jump above US$ 5.000 per troy ounce, to US$ 5.138 per troy ounce, and precious metals to Rp 3.100.000 per gram.
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