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Oil Surges to $100, Gold Retreats Amid Conflict Concerns
The safe-haven metal fell 0.4% in today’s trading, weighed down by the ongoing tensions between the United States and Iran. Despite the decline, gold remains above the key psychological threshold of $4,000 per ounce, trading at around $4,057 per ounce.
[Source: Invezz]
ECB Leaves Interest Rates Unchanged; Gold Market Remains Largely Steady
As expected, the European Central Bank concluded its meeting by deciding to keep interest rates unchanged. The gold market continues to consolidate around key long-term support levels, showing little movement during today’s trading session. At the moment, gold is down 1.33%, trading at around $4,074.50 per ounce.
[Source: Kitco news]
Gold gains on a weaker dollar: +1.3%
The safe-haven asset has reached its highest level in the past 15 days, rising by 1.3% to $1,141.59 per ounce. The metal is being supported mainly by comments from U.S. Secretary of State Marco Rubio, who assured that Washington is fully committed to negotiating an end to the conflict with Iran.
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