Gold rises on Trump's announcement of a new round of negotiations with Iran
Gold prices rose in Monday’s trading, supported by U.S. President Donald Trump’s announcement of a new round of negotiations with Iran, which boosted demand for the precious metal, alongside investors’ anticipation of th
Translated by Qiyas from السياسة — Original source
Gold prices rose in Monday’s trading, supported by U.S. President Donald Trump’s announcement of a new round of negotiations with Iran, which boosted demand for the precious metal, alongside investors’ anticipation of the direction of U.S. monetary policy.
Spot gold rose 0.7 percent to $4,067.06 per ounce. U.S. gold futures climbed 0.9 percent to $4,065.60 per ounce.
Markets are turning their attention to the U.S. Federal Reserve, awaiting any signals regarding the timing of interest rate cuts. Analysts note that gold continues to find support from geopolitical developments, despite pressure from rising U.S. bond yields.
Among other precious metals, spot silver rose 0.7 percent to $58.02 per ounce. Platinum increased 0.7 percent to $1,653.78, while palladium jumped 1.5 percent to $1,293 per ounce.
