From Financial Modeling Prep: 2025-06-17 06:48:00

Gold prices stabilized in Asian trade on Tuesday, with spot gold at $3,392.25 an ounce and August gold futures at $3,410.70/oz. Conflicting signals from the Israel-Iran conflict and the upcoming Federal Reserve cues created volatility for investors. Gold briefly surged past $3,450 but retreated after reports of Iran seeking a ceasefire, causing risk appetite to improve briefly.

Citi analysts predict gold may fall below $3,000/oz due to waning investor demand and an overstretched rally. The Federal Reserve’s rate decision on Wednesday looms over precious metals markets, with Chair Jerome Powell’s comments being closely watched for future policy direction. Despite expectations of no rate changes, traders are leaning bullish on the dollar.

Platinum futures dropped to $1,239.90/oz, while silver futures rose to $36.503/oz. London copper fell to $9,674.75 a ton, and U.S. copper futures held steady at $4.8163 a pound. Most base metals struggled amid uncertainty and cautious trading ahead of the Fed’s statement. To track precious metals prices and analyze macroeconomic impacts on gold demand, refer to the Commodities API and Economics Calendar for real-time indicators.



Read more at Financial Modeling Prep:: Gold Prices Hold Steady Amid Geopolitical Jitters …