Gold prices saw an increase, with spot gold up 0.8% and futures gaining 0.5%, following a previous day's decline.
This rise is attributed to a combination of factors including newly imposed U.S. tariffs, which have created global trade uncertainty, and ongoing geopolitical tensions, specifically the upcoming U.S.-Iran talks. A slightly weaker U.S. dollar also provided some support.
However, expectations of elevated U.S. interest rates are capping further gains. JP Morgan forecasts gold prices could reach $6,300 per ounce by the end of 2026, citing demand from central banks and investors.
Other precious metals like silver and platinum also saw significant price jumps.
