Gold prices fell by more than 1% on Tuesday, marking their tenth consecutive session of decline. The precious metal was pressured by a strengthening US Dollar and fading expectations that the US Federal Reserve would cut interest rates in the near term.
اضافة اعلان
Market Performance (as of 01:08 GMT):
Spot Gold: Dropped 1.4% to $4,345.48 per ounce.
US Gold Futures (April delivery): Fell 1.3% to $4,348.60.
The Dollar Effect: The rising greenback has made gold more expensive for holders of other currencies.
Impact of the Regional War:
Spot gold prices have plummeted by approximately 18% since the start of the U.S.-Israeli war on Iran on February 28. During this conflict, the US Dollar has emerged as a primary beneficiary of "safe-haven" demand, overshadowing gold's traditional role as a hedge.
Geopolitical Tensions & Mediation:
Conflicting Narratives: Iran denied on Monday that any negotiations with the U.S. were taking place. This directly contradicts President Donald Trump's recent claims of "productive talks," which led him to postpone threats of striking Iran's power grid.
Potential Diplomacy: Sources told Reuters that direct talks aimed at ending the conflict could potentially be held in Islamabad, Pakistan, later this week.
Oil Stability: Crude oil prices stabilized above $100 per barrel following Tehran's denial of discussions regarding a resolution to the Gulf war.
Other Precious Metals:
Other metals also saw significant declines in spot transactions:
Silver: Dropped 2.5% to $67.37 per ounce.
Platinum: Fell 2.1% to $1,841.35.
Palladium: Declined 2.8% to $1,393.
