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المشهد العربي
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المشهد العربي

2026-08-05T19:11:13.000Z

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المشهد العربي

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Gold reaches highest since June

Gold reaches highest since June

Gold prices experienced a significant rise, with the most active futures closing at their highest level since June 17. This increase was supported by declining U.S. Treasury yields and market optimism about resolving the crisis in the Strait of Hormuz. U.S. President Donald Trump reported good talks with Iran, boosting hopes for an end to the ongoing conflict, while Tehran made progress in negotiations with Oman regarding navigation. Despite this upward movement, gold remains over 20% below its January all-time high, and the recent surge coincided with heightened inflation concerns and tightening monetary measures. December-delivery gold contracts exceeded $4,300 per ounce, up 3.67%, while silver contracts rose by 3.40%, reaching more than $62 per ounce.

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