Lates News

On Thursday, the price of gold fell after two consecutive days of gains, with investors waiting for clearer signs of progress in easing tensions in the Middle East, which could affect the global financial and monetary policy landscape. President Trump of the United States stated that Iran urgently wants to reach an agreement to end the nearly four-week conflict. This statement contradicts the claims of the Iranian Foreign Minister, who stated that Iran is reviewing the US proposal but has no intention of holding talks to end the conflict. Kyle Roda, Senior Financial Market Analyst at Capital.com, said, "The next 24 to 48 hours will mainly depend on the reaction to negotiation-related news (gold prices)." "The real big moves may happen next week, when it will be clearer whether the US will launch a ground invasion against Iran over the weekend." Due to concerns that the prolonged conflict in the Middle East will further disrupt energy flows, Brent crude futures prices have returned to over $100 per barrel.