Gold markets witnessed new volatility, as spot prices fell by 3.45% to settle at $4,491.15 per ounce.
Daniel Ghaly, commodities strategist at TD Securities, described gold as currently one of the popular investment centers among major institutional investors, stressing that this interest came after a strong decline witnessed by the precious metal last year, but at the same time he warned that downward risks still exist in the short term, even though the general market trend is still bullish.
At the level of monetary policy, the major central banks adopted strict policies as a result of the sharp rise in energy prices resulting from the tensions in Iran, while emphasizing the importance of moving cautiously in the upcoming political steps, given the lack of certainty about their repercussions on the global economy.
At the same time, an American official and three informed sources revealed that the administration of President Donald Trump is considering sending thousands of soldiers to strengthen the American military presence in the Middle East, at a time when it appears that the war with Iran may enter a new phase.
Financial analyzes were not absent from the scene, as analysts at SP Angel indicated that gold was affected by profit-taking operations and the rise in the value of the dollar. They added that the strong rise of the metal during 2025 prompted some traders to cover margin calls and turn towards other alternatives such as oil, amid a new wave of volatility hitting the financial markets.
