Tuesday 17/June/2025 – 10:41 am
Gold prices have flourished globally with morning trading on Tuesday, as the growing geopolitical fog caused by the conflict between Israel and Iran and the call of US President Donald Trump to evacuate Tehran to investors’ demand for safe haven.
Gold increased in instant transactions 0.3 percent to $ 3392.29 an ounce after declining by more than one percent yesterday, while US gold futures fell 0.2 percent to $ 3410.90.
“The morale of the market is still swinging between escalation and calm regarding events in the Middle East, and these transformations in the morale back and forth are what leads the movements of the price of gold on both sides of the level of $ 3400,” said Tim Wattrt, chief market analyst at K.C
The conflict between Israel and Iran
Israel struck the official Iranian Broadcasting and Television Authority on Monday, while the director of the United Nations International Atomic Energy Agency reported that severe damage to the largest Iranian enrichment facility has occurred.
Trump, who early left the Group of Group in Canada on Monday evening, urged the Iranians to evacuate Tehran, saying that Iran should have signed an agreement to reduce its nuclear program.
Reports also indicated that Trump asked the National Security Council to stay ready in the operating room.
Gold is one of the origins of safe haven in times of geopolitical and economic fog.
Investors are also awaiting the Federal Reserve (US Central Bank) meeting to start later today, and to issue its decision on monetary policy tomorrow, Wednesday.
As for other precious metals, silver increased in instant transactions 0.3 percent to $ 36.43 an ounce, and platinum settled at 1245.55 dollars, and palladium settled at $ 1029.08.
