Donald Trump · CNBC Technology
Gold rises to near three-week high as Trump pauses attacks on Iran
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Gold prices climbed to a near three-week high on Wednesday as markets reassessed near-term risks after U.S.
Key facts
- For gold, the 200 day-moving-average at $4,930 and then $5,000 will be key hurdles
- Among other metals, spot silver rose 4.9% to $76.48 per ounce, platinum gained 3.2% to $2,020.57 and palladium added 4.1% at $1,529.35
- Spot gold was up 2.3% at $4,812.49 per ounce, as of 0215 GMT
- U.S. gold futures for June delivery gained 3.4% to $4,841.60
Summary
President Donald Trump agreed to suspend bombing and attacks on Iran for two weeks, easing fears of energy-driven inflation. Spot gold was up 2.3% at $4,812.49 per ounce, as of 0215 GMT. U.S. gold futures for June delivery gained 3.4% to $4,841.60. Trump said Washington had agreed to a two-week pause in attacks and had received a 10-point proposal from Iran what he described as a workable basis for negotiations. His comments followed earlier warnings that Tehran must reopen the Strait of Hormuz or risk U.S. retaliation.