Gold Dips, Holds Above $4,800
Gold futures slipped but remained above $4,800 a troy ounce as investors assessed expectations that the United States and Iran could meet again this week. Plans for fresh talks in Pakistan provided some optimism ahead of a looming ceasefire deadline.
MUFG’s Soojin Kim said the prospect of renewed negotiations has helped sentiment, but the war continues to disrupt global energy supplies. That disruption is reinforcing inflation pressures and keeping expectations anchored that central banks will maintain elevated interest rates—typically a headwind for non-yielding gold.
At 07:33 GMT, New York gold futures fell 0.6% to $4,800.50 a troy ounce. Silver dropped 1.3% to $79.01 an ounce, while platinum slipped 0.4% to $2,078.70 an ounce.
The move highlights gold’s sensitivity to the interplay between geopolitical headlines and the rates outlook. As long as energy-supply risks keep inflation concerns in focus, gold’s upside may remain constrained by expectations for higher-for-longer interest rates.
Source : Newsmaker.id
