Gold prices stabilized amid anticipation of the course of the talks between Washington and Tehran
Gold prices stabilized today, Monday, as investors preferred to wait until the path of the faltering peace talks between the United States and Iran became clear.
It reached The price of gold in spot transactions was $4,714.51 per ounce, by 07:28 GMT, an increase of 0.1%, while US gold futures (June delivery) fell by 0.2% to $4,729.40. The yellow metal fell last week by 2.5%, ending a series of gains that lasted 4 weeks.
And in The dollar, which reflected positively on gold, after a report stated that Iran, through Pakistani intermediaries, presented to the United States a new proposal to reopen the Strait of Hormuz and end the war.
US President Donald Trump said yesterday, Sunday, that Iran can call by phone if it wants to negotiate an end to the war that has been going on for two months, stressing that it will never possess a nuclear weapon.
On the monetary policy front, investors are awaiting the US Federal Reserve’s decision on interest rates on Wednesday the 29th. This April.
- For more: Follow Khaleejion 24 Arabic, Khaleejion 24 English, Khaleejion 24 Live, and for social media follow us on Facebook and Twitter
