US EditionGold, Silver Rates Today: Comex Gold Gains $199/oz; Silver Rallies $5.2 as Inflation Fears Ease on US-Iran Talks
Spot gold rose about 2.56% to $4,588 per ounce as oil prices dropped nearly 6%, easing inflation concerns amid U.S. diplomatic efforts in the Middle East.
- Gold prices climbed Wednesday as declining oil prices eased inflation worries, following reports that Washington is working on a proposal to end the Middle East conflict.
- President Donald Trump said Tuesday that negotiations are occurring with Iran, suggesting Tehran is eager for a peace deal despite the Islamic Republic denying direct talks.
- International benchmark Brent crude futures fell around 6% while West Texas Intermediate futures dropped roughly 5%, as markets reacted to the potential de-escalation.
- Spot gold prices rose 2.56% to $4,588 per ounce, while gold futures climbed over 4% to $4,597.7 per ounce, rebounding as geopolitical tensions eased.
- Goldman Sachs co-head of global commodities research Daan Struyven noted that gold remains "very rate sensitive," though Goldman maintains a structurally bullish outlook for year-end.
14 Articles
14 Articles
Gold, silver rates today: Comex gold gains $199/oz; silver rallies $5.2 as inflation fears ease on US-Iran talks
Precious metals saw increased buying on 25 March due to expectations of US-Iran negotiations. Silver and gold futures experienced significant gains, marking the largest single-day increases since February.
Gold Rebounds Over 2% on Peace Hopes, Dollar Softness
NewsGhana, Latest Updates and Breaking News of Ghana, Roger A. Agana, https://www.newsghana.com.gh/gold-rebounds-over-2-on-peace-hopes-dollar-softness/Gold reversed a nine-session losing streak on Wednesday, March 25, climbing more than two percent as a softer United States dollar, easing oil prices, and cautious optimism over diplomatic progress in the Middle East conflict combined to revive demand for the precious metal. Spot gold rose 2.1% to…
Global gold prices recovered alongside the decline in global oil prices and Trump's peace proposal to Iran. Goldman Sachs projects it could reach this level.
Gold rises on lower oil prices and weaker dollar amid war negotiations and bank forecasts of price recovery
Gold prices rose in local markets and on the global exchange during Wednesday trading, supported by lower oil prices and a slight decline in the U.S. dollar. However, gains remained limited amid ongoing geopolitical tensions in the Middle East, according to a report issued by the iSagha platform.
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