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Gold gains ahead of Fed
Nada Ali Published in Amwal Al Ghad on 12 - 06 - 2025

Gold prices increased in midday trade on Tuesday due to the escalating conflict between Israel and Iran, leading investors to turn to safe-haven assets while also anticipating the upcoming US Federal Reserve board meeting.
Spot gold grew 0.06 per cent to $3,387.32 per ounce by 12:31 GMT, down from a previous close of $3,385.21. Meanwhile, US gold futures fell 0.32 per cent to $3,406.25 per ounce, compared to $3,417.3 at the close on Monday.
Attribution: Amwal Al Ghad English, Reuters
Subediting: M. S. Salama

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