Gold Prices Exceed USD4,700
Addressing reporters following a presidential decree signing ceremony at the White House, Trump indicated that American forces would depart Iran within the next two to three weeks — effectively telegraphing a halt to continued strikes against the country.
"All I have to do is leave Iran, and we'll be doing that very soon, we'll be leaving very soon," Trump said, putting the timeline at "maybe two weeks, maybe three."
By 0720 GMT, gold had gained 1.08% to reach $4,720 per ounce, extending a rebound that had already seen the precious metal climb 2% in Tuesday's session.
The rally marks a sharp reversal from last week's historic selloff, during which gold suffered its steepest weekly decline since 1983 — shedding more than 10% of its value in a single week.
Analysts are closely watching whether Trump's remarks translate into concrete military de-escalation, as any confirmed withdrawal from Iran could further fuel safe-haven demand and sustain gold's upward momentum in the sessions ahead.
Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept
any responsibility or liability for the accuracy, content, images,
videos, licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright
issues related to this article, kindly contact the provider above.
Legal Disclaimer:
EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
