Gold stabilizes above $4,600 as the American tone towards Iran declines

Gold prices stabilized on Thursday, after falling nearly 1% earlier in the session, as concerns about US President Donald Trump’s focus on Greenlandis a key support for the market, while investors evaluate the situation in Iran.

And The price of goldin spot transactions was at $4,619.54 per ounce, by 12:00 GMT, as Trump’s hint at the possibility of suspending military operations against Iran led to a decline in demand for safe havens.

In a related context, the price of silver fell 1.7% to 91.22 $an ounce after hitting its highest level ever at $93.57 earlier in the session.

In other precious metals, the price of platinum fell by 0.6% to $2,369.02 per ounce, while palladium lost 1.1% to $1,806.75.

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