🔺 Geopolitical situation & gold price rise
- Israel attacks dozens of military and nuclear targets in Iran 🇮🇱🇮🇷
- Explosions in Tehran, nationwide sirens & air defenses activated
- USA not involved according to government representatives, according to Foreign Minister Rubio it is self-defense
💰 Gold price rises significantly
- Gold +1.5 % → 3,436.97 $ per troy ounce
- Gold futures (August) +1.6 % → 3,459.60 $ per troy ounce
- Investors seek safe havens in times of global uncertainty
📈 Macroeconomic support
- Mild US inflation report 📉
- More initial jobless claims
- Falling producer prices → Expectations of interest rate cuts rise
- Non-interest investments such as gold more attractive
📊 Other commodities at a glance
- Silver +1% → $36.625 per troy ounce (close to 13-year high)
- Platinum -0.8 %, but remains at a 4-year high
- Copper (LME) -0.3 % → $ 9,678.70 per tonne
- US copper futures -0.5% → $4.8195 per pound
$GLDA (-0,35 %)
$GOLD (-0,53 %)
$GLD (-0,21 %)
$GOLD
$LNVA
$B7GN
$DE000EWG0LD1 (-0,68 %)
$GOLD (-0,01 %)
$4GLD (-0,4 %)
Source: