From Financial Modeling Prep: 2025-06-16 13:27:00

Gold prices dipped in Asian trade due to a stronger U.S. dollar, but held near multi-month highs amid Israel-Iran conflict. Spot gold fell 0.1% to $3,427.78/oz, while August futures were down 0.2% at $3,446.45/oz. Geopolitical tensions drove last week’s 4% surge, with Israel and Iran exchanging strikes, leading to fears of wider escalation.

President Trump’s comments on potential fighting between Israel and Iran highlighted the fragile ceasefire negotiations. Iran canceled nuclear talks with the U.S., boosting gold’s upward momentum. Dollar strength ahead of the Federal Reserve meeting limited gold’s gains. Safe-haven demand may persist amid ongoing Middle East tensions.

With uncertainty in the Middle East ongoing, gold’s safe-haven appeal is expected to continue. Potential U.S. involvement or oil supply disruptions could support prices. However, a hawkish Fed stance may pressure gold by strengthening the dollar. Traders are monitoring geopolitical developments and Fed signals for gold’s next direction.



Read more at Financial Modeling Prep:: Gold Slips Slightly but Holds Firm Amid Israel-Ira…