Gold little changed--
June 20, 2025 00:00:00
Gold prices were little changed on Thursday as heightened geopolitical tensions offset pressure from the Federal Reserve's hawkish stance, while platinum slipped after scaling its highest level since September 2014, reports Reuters.
Spot gold was down 0.1% at $3,365.79 an ounce at 0940 a.m. EDT (1340 GMT). US gold futures fell 0.7% to $3,382.80.
The US dollar ticked up, making greenback-priced metals more expensive for other currency holders.
Strategist Soni Kumari.
Gold is considered a safe-haven asset during times of geopolitical and economic uncertainty.
In other metals, platinum lost 3.7% to $1,269.30, after rising to its highest level since September 2014 earlier in the session.
"When a sharp rally breaks a key technical level like 1,000, it often triggers buying from both investors and speculators, " Kumari added.
Palladium lost nearly 1.1% to $1,038.56, while silver fell 1.4% to $36.21 per ounce.