Lates News

Gold futures are expected to achieve weekly gains as optimism about possible talks between the U.S. and Iran and a ceasefire agreement between Israel and Lebanon is pressuring oil prices and boosting overall market sentiment. Mitsubishi UFJ Financial Group stated, "Lower oil prices are easing inflation concerns." However, despite gold recovering some of its previous losses, it is still about 9% lower than the level at the beginning of the conflict. The continued risk to energy supply and the existence of damaged infrastructure may keep inflation uncertainty persistently high.