Gold prices increase at start of Thursday trading
Gold prices slightly increased today, Thursday, supported by a decline in the dollar and falling oil prices, as investors continue to assess the possibility of reaching a solution to end the war between the United States and Iran. The spot gold price rose by 0.4% to reach $1,450.16 per ounce, while the August U.S. futures contracts increased by 0.2% to $1,477.00. This happened amid a weakening dollar, which made gold more attractive to investors compared to other currencies, amid growing hopes for a ceasefire between Lebanon and Israel and a reduction in regional tensions.
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