US and Iran are further fueling the rise in gold prices.
Last week, after Trump provided a much-needed safety net for gold prices, the latest developments, particularly regarding the US and Iran, have provided further impetus for gold price increases. Trump confirmed a peace agreement with Iran, with a signing ceremony scheduled for Friday in Switzerland, and the Strait of Hormuz to reopen. To further solidify this upward momentum, Pakistani Prime Minister Shahbaz announced that the US and Iran have declared an immediate and permanent cessation of military operations, including in… … »US and Iran are further fueling the rise in gold prices.