Gold prices stabilized on Tuesday, as traders assess the continuity of the fragile truce between Israel and Iran, and any indicators of progress in the broader Middle East conflict. Investors are also awaiting key US inflation data scheduled for release
this week. Gold futures for August delivery fell by 0.20% to reach $4354.50 per ounce. Meanwhile, spot contracts for the precious metal remained stable at $4326.48 per ounce, showing a slight decrease of 0.09% from the previous closing price. Gold had
recorded its lowest level in over two months in the preceding session. Tim Waterer, Senior Market Analyst at KCM Trade, commented: "Gold trading is calm, as traders are skeptical about the durability of the ceasefire between Iran and Israel and remain
cautious ahead of important US inflation data this week, which will help shape the Federal Reserve's policy expectations." Iran and Israel announced a halt to reciprocal attacks yesterday, Monday, following an appeal from US President Donald Trump. However, Tehran warned of
resuming hostilities if Israel continues to target Lebanon. Investors are preparing for the release of the US Consumer Price Index data for May 2026, scheduled for tomorrow, Wednesday, to assess the trajectory of the US central bank's monetary policy. Regarding other metals,
silver in spot transactions decreased by 0.7% to $67.71 per ounce, platinum fell by 0.2% to $1751.39, while palladium rose by 0.8% to register $1213.89.
