_1777294237270_124456903.png&w=48&q=75){kind=small}
Gold Gains as Oil Declines Post Iran Strike Delay
Gold prices rose today, driven by a decline in oil prices after U.S. President Donald Trump announced the postponement of attacks on Iran. This eased fears of escalating tensions in the Middle East and increased the attractiveness of the metal as a safe haven. Spot gold increased by 0.7% to reach $4,068.54 per ounce, while U.S. futures contracts rose by 0.9% to $4,066.60, also supported by a weakening U.S. dollar and government interventions to support the Japanese yen. Nevertheless, the gains remain limited due to the uncertainty associated with geopolitical risks, as markets await U.S. employment data and inflation reports in the coming period.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)