Gold rises 0.8% with a decline in treasury bonds and the ambiguity of the Middle East talks #Breaking

Gold prices rose today, Tuesday, supported by a decline in US Treasury bond yields and the partial ceasefire between Hezbollah and Israel, while investors awaited details about the status of the US-Iranian peace talks, amid conflicting news.The price of gold in spot transactions was $4,517.73 per ounce by 05:56 GMT, an increase of 0.8%. US gold futures (August delivery) also rose by 0.9% to reach $4,547.80.

In other precious metals, the price of silver rose by 2.1% to $76.41 per ounce, platinum increased by 1.8% to reach $1,958.67, and palladium gained 1.5% to $1,382.33.

In contrast, the return on , reducing the opportunity cost of holding bullion, which is a non-yielding asset.

Investors are currently awaiting US non-farm payrolls and employment reports, scheduled for later this week, to assess labor market resilience amid growing concerns about Inflationdue to the conflict in the Middle East.

Attention is also focused on statements by Federal Reserve policymakers, including Cleveland Fed President Beth Hammack, and Federal Reserve Governor Michael Barr, to assess the path of future interest rates.

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