Gold prices remained largely stable on Tuesday as investors took a breather following recent volatility. Market attention shifted toward developments in the Middle East conflict after US President Donald Trump canceled a scheduled military strike on Iran. Spot gold eased 0.1% to $4,560.39 per ounce, having touched its lowest level since March 30 on Monday. Meanwhile, US gold futures for June delivery ticked up 0.1% to $4,563.50. Ilya Spivak, head of global macroeconomics at Tastylive, noted that markets are attempting to determine their next direction while waiting to gauge the risks associated with this geopolitical event, pointing toward the upcoming release of the US Federal Reserve's April meeting minutes. Investors anticipate that the minutes, scheduled for release on Wednesday, will provide fresh clues regarding the trajectory of the central bank's monetary policy. President Trump stated on Monday that he halted a planned military strike against Iran to allow for negotiations on a broader agreement aimed at concluding the regional conflict. This decision followed a new peace proposal sent by Tehran to Washington. Rum Online
Gold prices remained largely stable on Tuesday as investors took a breather following recent volatility. Market attention shifted toward developments in the Middle East conflict after US President Donald Trump canceled a scheduled military strike on Iran. Spot gold eased 0.1% to $4,560.39 per ounce, having touched its lowest level since March 30 on Monday. Meanwhile, US gold futures for June delivery ticked up 0.1% to $4,563.50. Ilya Spivak, head of global macroeconomics at Tastylive, noted that markets are attempting to determine their next direction while waiting to gauge the risks associated with this geopolitical event, pointing toward the upcoming release of the US Federal Reserve's April meeting minutes. Investors anticipate that the minutes, scheduled for release on Wednesday, will provide fresh clues regarding the trajectory of the central bank's monetary policy. President Trump stated on Monday that he halted a planned military strike against Iran to allow for negotiations on a broader agreement aimed at concluding the regional conflict. This decision followed a new peace proposal sent by Tehran to Washington. Rum Online
Gold prices remained largely stable on Tuesday as investors took a breather following recent volatility. Market attention shifted toward developments in the Middle East conflict after US President Donald Trump canceled a scheduled military strike on Iran. Spot gold eased 0.1% to $4,560.39 per ounce, having touched its lowest level since March 30 on Monday. Meanwhile, US gold futures for June delivery ticked up 0.1% to $4,563.50. Ilya Spivak, head of global macroeconomics at Tastylive, noted that markets are attempting to determine their next direction while waiting to gauge the risks associated with this geopolitical event, pointing toward the upcoming release of the US Federal Reserve's April meeting minutes. Investors anticipate that the minutes, scheduled for release on Wednesday, will provide fresh clues regarding the trajectory of the central bank's monetary policy. President Trump stated on Monday that he halted a planned military strike against Iran to allow for negotiations on a broader agreement aimed at concluding the regional conflict. This decision followed a new peace proposal sent by Tehran to Washington. Rum Online
comments
Gold stabilizes amid focus on Middle East conflict developments
display options :
Full
Main image only
without images
comments