Money and business

Gold in a week .. The Israeli -Iranian war ignites the prices of the precious metal


The Israeli -Iranian war ignited the gold market around the world, as prices rose Gold yesterday, Friday, with investors’ appetite for safe assets after the Israeli air strikes on Iran , which raised fears of a broader struggle in the Middle East. Market strategy in RG or Futures: "Israel beating Iranian targets that raises some geopolitical anxiety in the market. The prices will remain high in anticipation of what is coming, that is, the Iranian response"

Height for the third day in a row
Thus I registered up to the third consecutive day, driven by the state" Between Israel and Iran on Friday, which raised fears of a possible escalation in the Middle East."> Gold at $ 3,422 an ounce, an increase of more than 1%, according to "fxstreeet"

Gold prices were affected by the Israeli attack on Iran
The gains After the Israeli attack on Iranian military and nuclear facilities, as well as targeting prominent figures in Tehran.

The slowdown in the United States enhances the rates of reducing interest

Another factor that contributed to the price of gold prices is to slow the pace of inflation in the United States, where the consumer price index data (CPI) and the PPI price index for the month of May showed a slowdown in inflationary pressures. High prices are still standing.

Trump’s statements and the escalation of oil prices
In a statement that raised the controversy, former US President Donald Trump said that Iran “brought the attack on itself”, and also urged Tehran to reach an agreement, warning that the upcoming attacks will be more bloody if the situation is not contained. New pressures on the federal reserve.

Market indicators: gold cohesion and the dollar is flourishing

& bull; The consumer confidence index for the month of June increased from 52.2 to 60.5, while inflationary expectations decreased for a year from 6.6% to 5.1%, and five years from 4.2% to 4.1%. American bond returns for 10 years rose by more than 7 basis points to 4.436%, which is somewhat climbing gold. The US dollar index recovered by 0.30% to 98.15, after it recorded its lowest level in three years at 97.60. > & bull; Goldman Sachs expected the price of gold to reach $ 3,700 at the end of 2025, and a bank of America is expected to reach $ 4,000 in the next 12 months. Financial markets expect to reduce interest rates by 47 basis points by the end of the year, according to Prime Market Terminal data.

Gold price expectations
Gold is held together near the level of $ 3,400, with indications of the continuity of the upward trend. In the event that the level of 3,450 dollars is penetrated, that way to test the historical summit may pave the $ 3,500 in the near term.

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