Gold rebounded on Tuesday, June 17, 2025, as increased geopolitical uncertainty stemming from the Israeli-Iranian conflict and US President Donald Trump's call for Tehran's evacuation prompted investors to seek safe havens.
Spot gold rose 0.2 percent to $3,388.57 per ounce, after falling more than 1 percent on Monday. US gold futures fell 0.3 percent to $3,407.20.
Market sentiment continues to fluctuate between escalation and de-escalation regarding events in the Middle East, and these volatile shifts are pushing the price of gold toward $3,400 per ounce.
Source (Al-Sharq Al-Awsat Newspaper, Edited)
