Gold recovers from one-month low on dollar and Iran risks
Spot gold rose to 4,629.83 dollars as a weaker dollar and Iran tensions boosted demand. Investors now await inflation data while silver and platinum also gain.
Xurve View
Insights:
Xurve View
Gold rose 1.9% to $4,629.83 per ounce on Thursday midday as a weaker dollar and geopolitical tensions sparked safe-haven buying. The recovery follows a drop to a one-month low in the previous session, though bullion remains down 0.9% for April. Investors are pivoting back to defensive assets as the United States weighs potential military escalations against Iran.
