Gold Holds as Traders Weigh Inflation Warning, Middle East Risks
From Yahoo Finance: 2025-06-19 15:40:00
Gold prices remained steady amid rising geopolitical tensions in the Middle East and caution from the Federal Reserve regarding inflation. Bullion held near $3,369 an ounce in London, with US markets closed for a holiday. The Fed kept rates unchanged but hinted at two cuts by year’s end, citing weaker growth, higher inflation, and lower employment forecasts. Despite support from Middle East war fears, gold faces risks from potential tariff-induced price gains. Spot gold traded at $3,370.78, with silver near 2012 highs and platinum dropping after a surge. Analysts suggest safe-haven flows shifting to platinum and silver due to gold’s high levels.
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