Gold prices surged by more than 1% on Wednesday, rebounding from an over one-week low hit in the previous session. The current tensions and heightened geopolitical uncertainty have bolstered demand for safe-haven assets.
اضافة اعلان
According to Bloomberg News, spot gold rose by more than 4% from its lowest level since February 20. Prices had previously been pressured by a stronger dollar and receding expectations for interest rate cuts, as inflation concerns grow amid fears of a prolonged conflict in the Middle East.
Precious Metals Performance
Spot Silver: Rose 3.5% to $84.92 per ounce, following an 8% drop in the previous session.
Spot Platinum: Gained 2.7% to reach $2,139.56 per ounce.
Palladium: Increased by 1.6% to $1,673.87.
Oil Market Developments
Oil prices continued their upward trajectory today as the U.S.-Israeli war on Iran disrupted production in the Middle East and halted regional exports, intensifying supply concerns.
Brent Crude Futures: Rose by $1.11 per barrel to reach $82.53, following Tuesday’s highest closing level since December 2025.
U.S. West Texas Intermediate (WTI): Climbed 79 cents to $75.37 per barrel, marking its highest settlement since December 2025.
