23 Hrs
Source:
المدينة
Gold Approaching End of Four-Month Downtrend
The gold market is experiencing an upward trend after a four-month decline, heading toward its first monthly gain in five months. Investors are hesitating between assessing the impact of the US-Iran conflict and analyzing Federal Reserve signals regarding inflation and interest rates. In spot trading, gold decreased by 0.2% to reach $4,096.29 per ounce, though it’s on track for a weekly increase of 1.1%. Gold futures for August delivery rose slightly by 0.1% to $4,094.10. Meanwhile, the prices of other precious metals remained stable, with platinum and palladium experiencing declines.
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