Gold prices stabilized on Wednesday as demand for safe-haven assets eased after the announcement of a ceasefire between Iran and Israel. Despite subdued investor appetite, a weaker U.S. dollar and bargain hunting following the previous sessions decline helped limit further losses in the precious metal.
Gold prices rose in global markets today amid growing expectations that the U.S. Federal Reserve may move to cut interest rates in the coming period, following inflation data that came in below market forecasts.
Gold prices fell globally on Tuesday, June 10, as markets reacted to uncertainty surrounding the ongoing trade negotiations between the United States and China. The talks, which focus on sensitive issues such as tariffs and restrictions on rare earth metals, are being closely monitored by investors.
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