Gold rises as Trump and Xi discuss Iran war resolution
Spot gold rose to $4,707.08 per ounce as investors monitored talks between President Trump and Xi Jinping. Markets seek signs of a resolution to the Iran war.
Gold rose 0.4% to $4,707.08 per ounce on Thursday morning as investors monitored high-level talks between the United_States and China. President Donald Trump met Xi Jinping to discuss trade and the ongoing conflict involving Israel and Iran. Geopolitical uncertainty and accelerating inflation data are reshaping expectations for Federal Reserve interest rate policy through December.
### Geopolitical Friction Limits Bullion Gains Xi Jinping told Trump that trade negotiations are progressing during the start of a two-day summit on Thursday. However, the Chinese leader warned that disagreements regarding Taiwan could lead to conflict. GoldSilver Central Managing Director Brian Lan said the metal is currently consolidating as markets await the outcome of these high-level discussions.
