US EditionGold Rebounds From Four-Month Low After Trump Postpones Strikes on Iran's Energy Assets
Gold prices recovered from a four-month low after President Trump postponed Iran strikes, but remain pressured by expectations of higher interest rates, down for a ninth straight session.
- On Monday, gold prices recovered from a four-month low after President Donald Trump posted on Truth Social that he postponed planned military strikes on Iranian energy infrastructure for five days.
- Amid the Middle East conflict, the precious metal had touched a four-month low following a weekly decline of over 10%, marking its worst performance since 1983.
- David Meger, director of metals trading at High Ridge Futures, warned "it's fair to assume that we're going to see volatility continue" as higher interest rates dim Gold's appeal.
- While Trump claimed Tehran and he are holding constructive talks, Fars and Parliamentary Speaker Mohammad Baqer Qalibaf denied any direct or indirect communications.
- Gold prices remain down for a ninth straight session, having retreated over 20% from a peak of $5,594.82 reached on January 29 amid the ongoing Middle East conflict.
16 Articles
16 Articles
The futures of Brent crude closed with a drop of $12.25 or 10.92 percent, to $99.94 per barrel, Reuters reported. This comes after U.S. President Donald Trump announced today that he will postpone for five days the attacks on Iranian energy infrastructure with which he had threatened, after having "productive" talks with Tehran. According to Trump, in the last two days, the U.S. and Iran "have held very good and productive talks on a complete an…
Gold rebounds from four-month low after Trump Iran comments
Gold rebounds from four-month low after Trump Iran comments Gold trimmed losses to recover from a four-month low on Monday, after U.S. President Donald Trump postponed military strikes on Iranian infrastructure, but prices were still down for a ninth straight session as bets on higher interest…
Gold to resume rally as positive sentiment holds
THE correction in the gold price this month was owing to liquidity demands from investors low on cash, said Bank of America in a recent report. Gold is 14% weaker in the last 30 days despite the onset of hostilities between the US and Israel and Iran. Although surprising, as bullion is often the go-to asset class in times of emergency, gold’s climb-down was rational, said Bank of America. It added that once there was resolution in the Iran war,…
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