Tuesday 13/January/2026 – 09:31 AM
to retreat gold Today, Tuesday, a day after it crossed the $4,600 level for the first time ever, as a result of profit-taking operations amid increasing geopolitical and economic uncertainty.
Gold fell in spot transactions by about 0.4% to $4,576.79 per ounce. Yesterday, gold had recorded a record level at $4,629.94, and US gold futures contracts for February delivery fell by 0.6% to $4,585.40, according to Reuters.
The largest anti-government protests in years
US President Donald Trump said yesterday, Monday, that any country that trades with Iran will face 25% customs duties on trade with the United States, at a time when Washington is studying options for responding to the situation in Iran, which is witnessing the largest anti-government protests in years.
Major companies, including Goldman Sachs and Morgan Stanley, expect two cuts in US interest rates by 25 basis points each in June and September.
Assets that do not generate a return tend to perform well with low interest rates and during situations of geopolitical or economic uncertainty. As for other precious metals, silver fell in spot transactions 1.6% to $83.62 per ounce after recording its highest level ever at $22.86 yesterday, Monday.
Platinum fell in spot transactions by 2.5% to $2,283.95 after hitting its highest record level of $2,478.50 on December 29, and palladium fell by 3.7% to $1,774.44.
