News

Gold prices continued to decline in today’s trading session, weighed down by rising oil prices and investor caution ahead of the release of inflation data. The figures, due later this week, are expected to provide indications of the Federal Reserve’s next moves regarding interest rates. The spot price of the safe-haven asset fell 0.3% to $4,390.50.

[Source: Market Screener]

Gold prices consolidated around $4,410 per ounce, weighed down by bearish pressure in today’s trading session. Strong oil prices and escalating tensions between the US and Iran are fueling concerns about a renewed rise in inflation.

[Source: FxEmpire]

The Dutch central bank has transferred 86 tonnes of gold from its reserves held in the United States and Canada to the United Kingdom. The reason behind repatriating the metal to European territory is concern over “growing geopolitical instability.” The Bank of Italy clarified that it has not carried out any gold transfers.

[Source: Il Messaggero]