About this episode
Gold prices edged up slightly as Middle East tensions eased, with spot gold rising 0.2% to $2,169.59 per ounce. Despite this, gold is on track for its largest monthly drop since February 2023, down nearly 2% in March. Israels strike on Iran was met with minimal response, suggesting de-escalation and reducing safe-haven demand for gold. Analysts note a small bounce in gold prices, which remain in the $2,150-$2,200 range, awaiting a catalyst for significant movement. In the U.S., stronger-than-expected economic growth and a tight job market have cooled talk of quick Federal Reserve rate cuts, making holding gold less costly. Silver, platinum, and palladium also saw gains, with silver climbing 0.7% to $24.62, platinum up 1.4% to $916.70, and palladium gaining 1.7% to $1,666.23.
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