21 Hrs
Source:
الكتائب اللبنانية
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Gold and silver rise sharply
Gold prices soared by more than 2.5%, reaching their highest levels since June 9, following the announcement by American and Iranian officials of a preliminary agreement to end their conflict. This reflects an improvement in market confidence and a reduction in geopolitical concerns. Precious metals such as silver, platinum, and palladium also experienced gains between 3.3% and 3.6%, driven by increased investor appetite and a decrease in inflation fears. This rise came after a period of decline that began when the US-Israeli war against Iran erupted in February, during which gold prices dropped by approximately 20%. The prices had been significantly affected by the activity in the Strait of Hormuz and rising oil prices.
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