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Gold prices traded largely flat on Thursday, giving up earlier gains as the U.S. dollar rebounded, while ongoing conflict in the Middle East continued to support safe-haven demand for the precious metal.<\/p>\n\n\n\n
By 01:31 ET (06:31 GMT)<\/strong>, spot gold was little changed at $5,142.98 per ounce<\/strong>, after climbing nearly 1% earlier in the session to $5,195.41<\/strong>. Meanwhile, U.S. gold futures edged 0.3% higher to $5,149.75 per ounce<\/strong>.<\/p>\n\n\n\n Gold had risen about 1% in the previous session<\/strong>, recovering from a nearly 5% drop on Tuesday<\/strong> when a stronger dollar pressured prices.<\/p>\n\n\n\n Geopolitical tensions escalated further after the United States sank an Iranian warship in international waters<\/strong>, while Iran continued launching missiles across several countries in the region and reportedly targeted key energy infrastructure.<\/p>\n\n\n\n The intensifying conflict has heightened fears of a broader regional war, prompting investors to reduce exposure to riskier assets and seek safety in gold, traditionally viewed as a hedge during periods of geopolitical uncertainty and market volatility.<\/p>\n\n\n\n Adding to uncertainty, Tehran rejected reports that its intelligence ministry had reached out to Washington to negotiate an end to the conflict, calling the claims \u201cpure falsehood.\u201d<\/strong><\/p>\n\n\n\n Analysts at ING noted that the conflict\u2019s potential impact on inflation could complicate the outlook for gold.<\/p>\n\n\n\n \u201cThe inflationary effects of the Middle East conflict, particularly through sharply higher energy prices, could strengthen expectations that interest rates will remain higher for longer \u2014 a headwind for non-yielding assets such as gold,\u201d the bank said in a research note.<\/p>\n\n\n\n However, ING added that persistent geopolitical uncertainty continues to create a risk premium<\/strong>, helping support gold prices despite the challenging interest rate environment.<\/p>\n\n\n\n The U.S. Dollar Index rose 0.4% during Asian trading hours<\/strong>, recovering after a modest 0.3% decline overnight. The dollar had already posted strong gains earlier in the week.<\/p>\n\n\n\n A stronger dollar tends to weigh on gold because it makes the metal more expensive for investors using other currencies.<\/p>\n\n\n\n In a separate development, U.S. President Donald Trump nominated Kevin Warsh as the next Chair of the Federal Reserve<\/strong>, a move markets interpret as potentially supportive of future interest rate cuts.<\/p>\n\n\n\n Other precious metals turned lower after early gains.<\/p>\n\n\n\n Both metals had risen more than 2% earlier in the session before reversing course.<\/p>\n\n\n\n In industrial metals, London Metal Exchange copper futures slipped 1% to $12,941.33 per ton<\/strong>, while U.S. copper futures also declined 1% to $5.84 per pound<\/strong>.<\/p>\n\n\n\n With geopolitical tensions high and currency markets volatile, gold remains caught between safe-haven demand and the pressure of a stronger U.S. dollar.<\/p>\n","protected":false},"excerpt":{"rendered":" Gold prices traded largely flat on Thursday, giving up earlier gains as the U.S. dollar rebounded, while ongoing conflict in the Middle East continued to support safe-haven demand for the precious metal. By 01:31 ET (06:31 GMT), spot gold was little changed at $5,142.98 per ounce, after climbing nearly 1% earlier in the session to …<\/p>\n","protected":false},"author":9,"featured_media":81892,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[38,6827,49,37,36],"tags":[],"class_list":["post-124408","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-daily-economic-reports","category-economic-reports","category-forex-markets","category-market-updates"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/124408","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=124408"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/124408\/revisions"}],"predecessor-version":[{"id":124409,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/124408\/revisions\/124409"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/81892"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=124408"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=124408"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=124408"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Middle East conflict supports safe-haven demand<\/h3>\n\n\n\n
Dollar rebound limits upside<\/h3>\n\n\n\n
Other metals decline<\/h3>\n\n\n\n
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