Morning gold prices in the Asian market rose slightly as investors evaluated Iran's proposal to the United States.

During the early trading session in Asia, the price of gold edged up slightly as investors assess the proposal made by Iran to the United States. Spot gold rose by 0.2% to $4,691.75 per ounce. Media reports cited informed officials saying that Iran has proposed to cease attacks in the Strait of Hormuz in exchange for a comprehensive end to the war and the lifting of the US blockade on Iranian ports. However, US President Trump and his national security team are skeptical of this proposal. Abdelaziz Albogdady of FXEM stated in an email that this news has weakened the US dollar, providing some support for gold as a result. However, the market research and financial technology strategy manager added, "Complex diplomatic signals, including setbacks in planned contacts, have led to a lack of confidence in the gold price in the market."