US–Iran Negotiations Fail, Here's the Gold Price Outlook for the Coming Week

Negotiations between the United States (US) and Iran ended without an agreement. Following this, precious metal prices are projected to rise again.
After the failed negotiations, Currency and Commodity Analyst, Ibrahim Assuaibi, predicts that in the next two weeks both the US–Israel and Iran will consolidate. Open conflict potential could also resurface.
“If a full-scale war really happens, it will help push gold prices higher,” Ibrahim said on Sunday (12/4/2026).
Ibrahim added that if Iran re-closes the Strait of Hormuz, global oil prices will rise, the dollar index will strengthen, and inflation will be high. If that happens, the global central banks are likely to maintain or raise interest rates.
Furthermore, in the coming week, 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 it corrects again, the second support level for global gold prices is estimated at US$ 4,358 per troy ounce, and its precious metal prices are likely around Rp 2,780,000 per gram.
However, if prices rise, the first resistance for global gold is at US$ 4,897 per troy ounce, and precious metals at Rp 2,880,000 per gram.
If it strengthens again, in the coming week, global gold prices could jump above US$ 5,000 per troy ounce, reaching US$ 5,138 per troy ounce, and its precious metals at Rp 3,100,000 per gram.
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