News

Gold rises following the ceasefire agreement between Washington and Tehran, breaking through the $4,800-per-ounce resistance level. The drop in oil prices is boosting investor sentiment, as inflation expectations decline: interest rate cuts by central banks are no longer seen as unrealistic.

[Source: FX Empire]

Markets remain cautious as they await the deadline of Trump’s ultimatum to Tehran, set for today at 8:00 PM (U.S. time). The tycoon has threatened to “eliminate” Iran if the Strait of Hormuz is not reopened by the specified deadline, fueling fears of a broader conflict in the Middle East. Meanwhile, as the global energy supply crisis expands and oil prices surge, inflation is once again becoming a concern.
Gold is slightly down (-0.5%) in today’s trading, standing at around $4,650 per ounce.

[Source: Investing.com]

Gold reverses course, losing the gains from the previous day and slipping by nearly 2% to $4,721.80 per ounce. The market once again fears inflationary pressures following Donald Trump’s televised speech, during which the tycoon threatened severe attacks on Iranian infrastructure. Concerns over rising energy costs have resurfaced, while markets continue to prove extremely vulnerable to shifts in rhetoric regarding the course of the conflict.

[Source: Investing.com]