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Jun 19, 2025
Gold prices rise amid Middle East tensions
Gold prices inched higher on Thursday, thanks to fresh tensions between the US, Iran, and Israel.
Spot gold hit $3,376.48 per ounce—up 0.2%—as uncertainty grew after President Trump stayed quiet about possible US involvement in the conflict.
The situation even led to evacuations in Tehran and more airstrikes in the region.
TL;DR
Fed's hints at future cuts help gold
Alongside the global tension, the US Federal Reserve kept interest rates steady but hinted at future cuts, which usually helps gold. Still, a strong US dollar might slow down gold's rise from here.
Other metals had mixed results: silver slipped a bit, while platinum and palladium both went up.
With so much happening globally, expect these markets to keep moving for now.