1 month ago

Gold Prices Rise Despite US-Iran Tensions

Gold Prices Rise Despite US-Iran Tensions
Gold Extends Gains as Dip-Buyers Shrug Off US-Iran Escalation · livemint.com

Gold prices have been going up even though there are big problems between the US and Iran.

People are buying gold because it's seen as a safe investment, even though there are worries about higher interest rates.

Some experts think gold will keep going up, but others are not so sure because of mixed signals in the market.

Silver and other precious metals are also getting more expensive.

The price of gold is now around $4,121 per ounce, which is still lower than its highest point earlier this year.

Key facts

Current Gold Price
$4,121.42 per ounce
Current Silver Price
$59.75 per ounce
Recent Gold Price Peak
$5,600 per ounce in January
ETF Inflows
7.4 tons on Tuesday
Analyst Forecast for Gold
$4,450 per ounce by Q4
Analyst Forecast for Silver
$65.40 per ounce by Q4

Quotes

Justin Lin

Analyst at Global X ETFs

““It’s probably a breakout following the volatility crush over the past few days. It seems like buyers have successfully held $4,000 and selling pressure has faded.””
livemint.com

Sources

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