"Gold spot prices reached $4,829 per troy ounce at the end of the week, marking a fourth consecutive weekly gain. COMEX futures closed at $4,879, up 1.48%, driven by Iran's Strait of Hormuz truce and U.S. dollar weakness."
"The primary driver over the three-day window was Iran's announcement that the Strait of Hormuz was open for commercial shipping during a 10-day truce period tied to Israel-Lebanon ceasefire."
Gold spot prices increased to $4,829 per troy ounce, achieving a fourth consecutive weekly gain. COMEX futures closed at $4,879, up 1.48%. The rise was influenced by a truce in Iran's Strait of Hormuz and a weaker U.S. dollar. Analysts predict gold will maintain near record levels due to Federal Reserve rate-cut signals and ongoing uncertainty in the Middle East. Weekend trading showed minimal movement, with gold holding steady in the $4,790 to $4,831 range before slightly increasing into Sunday.
Read at news.bitcoin.com
Unable to calculate read time
Collection
[
|
...
]