US EditionOil prices rise $1 in volatile session as US-Iran hold nuclear talks
Oil neared seven-month highs and safe-haven metals rose on geopolitical risks from US-Iran nuclear talks and tariff uncertainty, with gold up 0.3%, analysts said.
- On Thursday, gold prices edged higher as safe-haven demand rose amid US tariff uncertainty and the third round of US-Iran talks in Geneva.
- Weaker US dollar effects combined with a tariff rate rise to 15% or higher from 10% helped lift metals, according to US Trade Representative Jamieson Greer.
- Price details reveal mixed moves across metals, with spot gold at US$5,184.43 by 9.10 am and US gold futures at US$5,199.20, while platinum and palladium also moved.
- Investors awaited weekly jobless claims for Fed guidance as markets expect three 25-basis-point cuts this year, shaping positioning in precious metals.
- A senior Iranian official said a framework is possible if issues are separated, and analysts flagged resistance near US$5,200 while projecting further upside toward US$5,340.72 and US$5,400.
15 Articles
15 Articles
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