Gold Prices Rise Amid Middle East Tensions

Gold Prices Rise Amid Middle East Tensions
Gold Prices Rise Amid Middle East Tensions
Gold prices rose on Thursday as escalating tensions in the Middle East boosted demand for safe-haven assets. However, gains were limited by the U.S. Federal Reserve's cautious stance on future interest rate cuts. According to Bloomberg News, spot gold increased by 0.2% to reach $3,376.48 per ounce, while U.S. gold futures dropped by 0.4% to $3,393.70 per ounce. As for other precious metals: Silver slipped 0.2% in spot trading to $36.66 per ounce. Platinum rose 1.5% to $1,342.36 per ounce. Palladium increased 0.6% to $1,055.18 per ounce. — (Petra)   (window.globalAmlAds = window.globalAmlAds || []).push('admixer_async_509089081')   (window.globalAmlAds = window.globalAmlAds || []).push('admixer_async_552628228') Read More Oil Prices Steady Amid Economic Uncertainty and Anticipation of U.S. Interest Rate Decision Euro Edges Higher After U.S.–EU Trade Deal; Markets Focus on Central Bank Meetings Global Oil Prices Rise Amid Trade Optimism and Supply Uncertainty
Gold prices rose on Thursday as escalating tensions in the Middle East boosted demand for safe-haven assets. However, gains were limited by the U.S. Federal Reserve's cautious stance on future interest rate cuts.
 


According to Bloomberg News, spot gold increased by 0.2% to reach $3,376.48 per ounce, while U.S. gold futures dropped by 0.4% to $3,393.70 per ounce.

As for other precious metals:

Silver slipped 0.2% in spot trading to $36.66 per ounce.

Platinum rose 1.5% to $1,342.36 per ounce.

Palladium increased 0.6% to $1,055.18 per ounce.

— (Petra)