Gold Prices Stabilize and Oil Rises Amid Steady Dollar Index Globally

Gold prices stabilized on Tuesday amid growing concerns over inflation and interest rate hikes.

According to Bloomberg News, spot gold was unchanged at $4,484.49 per ounce.اضافة اعلان

Meanwhile, U.S. gold futures edged up 0.2% to reach $4,514.3.

As for other precious metals, spot silver rose 0.2% to $74.92 per ounce, and platinum climbed 0.3% to $1,928.65, while palladium slipped 0.2% to $1,359.25.

In the energy sector, oil prices maintained most of their hefty gains from the previous session during early trading today.

Brent crude futures ticked up 6 cents to $95.04 a barrel, while U.S. West Texas Intermediate (WTI) crude futures eased 17 cents to $91.99 a barrel.

The dollar index stabilized today at 99.17, amid mounting uncertainty surrounding the trajectory of U.S.-Iran peace negotiations, while broader currency markets moved in tight ranges under a climate of extreme caution.