Rising tensions between the United States and Iran have boosted demand for safe-haven assets, pushing gold prices higher during Asian trading on Wednesday. After last week’s sharp decline of over $1,000, gold rebounded as investors continued buying at lower levels. Reports that the US shot down an Iranian drone in the Arabian Sea and that…
UBS has raised its gold price forecast for mid-2026. The reasons for the increase in gold prices this year are expected to continue strong demand from investors and central banks. Gold rose very quickly in 2025 and has since remained above $4,000 per ounce. UBS experts say their expectations have not changed. They now expect…
Gold prices were mostly unchanged in Asian markets on Thursday. Low interest rates provided some support to a weaker US dollar after the president criticized the Federal Reserve chairman. Earlier this week, gold prices fell sharply due to the ongoing ceasefire between Israel and Iran. The peace deal has dampened demand for safe-haven assets like…
Gold prices rose 2.17% to 97,953 as people worried about new US tariffs and global tensions. Many investors started buying gold as a safe haven. The main reason for the price increase was the US President’s plan to raise tariffs on steel and aluminum imports to 50% from June 4. At the same time, the…
Gold rates Many people were encouraged by the strong demand for heaven and the mounting anticipation of a significant interest rate decrease by the US Federal Reserve in September. Spot gold increased by 1338 gmt, or percent, to $ 2413.19 per ounce. US gold futures were trading at $2,452.20, up 0.8%. Palladium climbed 2.6% to…
