Gold holds its ground amid uncertainty surrounding US-Iran negotiations
Kyiv • UNN
The price of gold stands at $4,490 per ounce due to the conflict in the Middle East. Trump has stated a possible peace deal with Tehran despite new attacks.
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.
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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.
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