The price of gold is slightly rising in anticipation of a possible position adjustment.

In the early Asian trading session, the price of gold rose slightly, possibly due to ongoing tensions between the US and Iran ahead of their meeting on Thursday, triggering position adjustments. Spot gold broke through $5150 per ounce, up 0.18% intraday. Matt Simpson of StoneX commented, "I still hope that President Trump will not actually pull the trigger and can reach a last-minute agreement - he is obviously working towards this agreement." The senior market analyst added, "However, the risk of military conflict escalation should be enough to support the price of gold, even though the trend of gold prices may still be volatile in the short term."