Gold prices stabilize amid anticipation of de-escalation in Middle East
Gulf Times
Gold prices stabilize amid anticipation of de-escalation in Middle East
Gold prices stabilized on Thursday as investors awaited clearer signs of progress in efforts to de-escalate the conflict in the Middle East, while remaining cautious ahead of new geopolitical developments that could impact safe-haven assets demand. Spot gold was trading at $4,503.29 per ounce, while US gold futures for April delivery fell 1.2% to $4,500. Gold came under further pressure as crude oil prices surpassed $100 a barrel, as investors reassessed the prospects for easing tensions in the Middle East.
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