Reported about 7 hours ago
Gold remains stable following a cease-fire agreement in the Middle East, reducing demand for safe-haven assets while investors anticipate key US economic data that may influence the Federal Reserve's interest rate decisions. Currently trading near $2,630 an ounce, gold has seen a significant increase of over 25% this year, aided by easing US monetary policies and rising geopolitical tensions. Despite the recent strength of the dollar in response to political developments, gold prices showed minimal reaction, with several important reports, including Fed meeting minutes and inflation data, expected this week.
Source: YAHOO