Gold little changed ---
Thursday, 26 June 2025
Gold steadied on Wednesday after falling in the previous session on improved risk appetite following a truce between Israel and Iran, while attention shifted to upcoming US economic data, reports Reuters.
Spot gold was little changed at $3,325.56 per ounce at 1045 GMT. On Tuesday, prices hit their lowest in over two weeks.
US gold futures were up 0.2 per cent at $3,339.30.
"De-escalation of tension in the Middle East, and less need for safe-haven assets, was a reason for gold giving up earlier gains yesterday. Still, uncertainty about the future of Iran's nuclear program is likely to keep investors still preferring to hold some gold allocation," said Giovanni Staunovo, an analyst at UBS.
The ceasefire brokered by US President Donald Trump between Iran and Israel appeared to be holding on Wednesday, the day after both countries signalled that their air war had ended.
The dollar index struggled to regain lost ground as investors decided to take on more risk following the truce. A weaker dollar makes greenback-priced bullion more attractive for holders of other currencies.