24 Hrs
Source:
مصراوي
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Gold rise on Iran remarks
Two economists said Donald Trump’s statements that he would not launch a military strike on Iran could support gold, but would not be enough on their own to trigger a strong rally unless de-escalation turned into an actual agreement. Gold traded in a range, reaching around $4,119 an ounce before retreating to $4,043. A break above $4,200 could signal that it was moving out of that range, while one of the economists tied a rise to $4,700 to an end to the escalation. Expectations of U.S. interest-rate hikes and the lingering effects of higher oil prices and inflation could weigh on gold temporarily, while lower interest rates and oil prices could support a later rise.
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