Gold rises as tensions between the US and Iran ease
Фото: Reuters
Global gold prices rose by almost 1% on April 22 amid changes in global markets.
This is reported by Reuters .
The impetus came from a reduction in geopolitical tensions after Donald Trump extended the ceasefire with Iran. Investors reduced their gold sales, and some funds returned to the market.
As of this morning, the spot price had risen to over $4,750 per ounce, and U.S. futures had climbed even higher.
Against the backdrop of these changes, stocks rose, the dollar weakened, and oil prices remained near $100 per barrel due to the situation around the Strait of Hormuz.
Experts note that gold is currently moving along with risky assets: when pressure on the markets decreases, investors are more active in returning to buying.
At the same time, analysts expect that prices could continue to rise if the Fed starts cutting rates and the dollar remains weak.
Earlier, oil and natural gas prices fell after Iran announced it would open the Strait of Hormuz. Markets responded by falling prices amid expectations of reduced risks to energy supplies.
Recall that Russia’s gold reserves have decreased to their lowest level since March 2022.
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