News

Gold remains above $4,500 an ounce following the recent rise. Negotiations between the United States and Iran are fuelling optimism in the markets.
The fall in oil prices is helping to ease inflationary pressures. Consequently, expectations of monetary tightening in the short term are waning. However, the Federal Reserve is maintaining a cautious approach. Investors remain divided over possible interest rate moves by the end of the year.

[Source: Trading Economics]

Gold prices showed little movement in the early hours of Asian trading, with markets on alert over the inflationary impact of the war with Iran. Spot gold rose by 0.1%, but remained close to its lowest levels since early April.

Weighing on the price of gold are growing concerns about inflation and high interest rates, which are keeping central banks on a tight monetary policy stance and reducing gold’s appeal.

Signs of progress in the peace talks have had little impact, whilst rising bond yields and a stronger dollar continue to put pressure on share prices.

[Source: based on data from Investing.com]

Gold falls below $4,550 an ounce, giving back some of its recent gains in a context of high uncertainty. Markets remain cautious despite President Donald Trump‘s openness toward possible negotiations with Iran.

Weighing on prices are primarily inflationary pressures and expectations of a continued restrictive monetary policy by the Federal Reserve, which are limiting demand for the precious metal.

[Source: Investing.com]