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Gold steadies amid US-Iran talks
Gold prices stabilized today, Tuesday, as investors awaited talks to end the war between the United States and Iran. Spot gold reached $4,191.09 per ounce, while U.S. futures climbed to $4,208.40. Prices were also influenced by expectations that the U.S. Federal Reserve will raise interest rates in December, with an 89% likelihood of a hike compared to 61% a week earlier. At the same time, the United States announced the lifting of sanctions on Iran for 60 days following discussions aimed at ending the war, amid declining fighting in Lebanon.
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