Gold prices increase with investors’ demand for safe havens

Gold prices rose today, with investors’ demand for safe haven assets, amid the escalation of fears of the expansion of the conflict in the Middle East, as the markets closely monitor Iran’s reaction to American attacks targeting its nuclear facilities.

By 00:20 GMT, gold in instant transactions increased 0.1 percent to $ 3371.30 an ounce. The US gold futures settled at $ 3387.20 an ounce.

Meanwhile, the sharp division of the Federal Reserve (the US Central Bank) appeared on whether he will continue to hedge against inflation risks or move faster in reducing interest rates on Friday in the first public comments of monetary policy makers after a decision last week to stabilize borrowing costs at the present time.

On Friday, Trump launched the idea of ​​dismissing the Federal Reserve Speaker Jerome Powell, who has long criticized him for not reducing interest rates to the extent he wanted.

For other precious minerals, silver in instant transactions increased 0.1 percent to $ 36.03 an ounce. Platinum fell 0.3 percent to 1260.78 dollars. Palladium fell 0.1 percent to $ 1043 an ounce.