I settled down Gold prices During Tuesday’s trading, a state of caution dominated global markets, with investors awaiting the expiration of the deadline set by the United States for Iran regarding… Strait of HormuzAnd the resulting geopolitical repercussions that affect price movement.
And he scored gold in Instant transactions It stabilized after rising by about 1% earlier in the session, while US futures contracts fell slightly, indicating the state of anticipation that dominates investors’ decisions.
Analysts believe that the market is not only focused on political tensions, but rather the state of caution extends to monetary policies, especially with the continued rise in interest rates, which limits the attractiveness of gold as an asset that does not generate a return, despite it being a safe haven in times of crises.
In the same context, investors are awaiting the release of important economic data in the United States, most notably inflation indicators and the minutes of the Federal Reserve meeting, as they have a direct impact on market trends during the coming period.
On the other hand, he continued Central Bank of China Increasing its gold reserves for the seventeenth month in a row, in a move that reflects the continued official demand for the yellow metal, despite global fluctuations.
In contrast, other precious metals witnessed a noticeable decline, declining Silver prices And platinum and palladium, affected by the state of anticipation and global economic pressures.
