Gold prices remained stable after fluctuations in early trading, as a new escalation in the Middle East heightened uncertainty regarding negotiations between the US and Iran to end the war. This was reported by Bloomberg, according to UNN.
Details
The price of gold was around $4,490 per ounce. At the beginning of the session, the metal fell by 0.6%, but later recovered its losses. Investors continue to monitor developments in the region, where the conflict is affecting energy markets and fueling inflation fears.
US announces strike on oil tanker bound for Iran03.06.26, 01:15
US President Donald Trump stated that Washington could soon reach a temporary peace deal with Tehran. His remarks came after Iranian state media reports of an alleged suspension of talks due to hostilities in Lebanon. The next round of negotiations between Israel and Lebanon is scheduled for Wednesday.
At the same time, attacks continue in the region. According to reports, Iran launched ballistic missiles toward Kuwait and Bahrain, while US forces carried out strikes on Qeshm Island. Amid the escalation, oil prices continued to rise for the third consecutive day, with Brent crude climbing to $97 per barrel.
US imposes sanctions on Iran's largest crypto exchange over ties to IRGC03.06.26, 03:38