Gold Spot Price Climbs Back Above $4,200 Per Ounce

Deep News07:30

Spot gold prices opened higher in early trading on the 12th, surpassing the $4,230 mark during the session. At the time of writing, the price was quoted at $4,235.020 per ounce, representing a gain of over 0.5%.

In late trading on the 11th, spot gold experienced a sustained upward trajectory, closing the day at $4,212.570 per ounce for a daily increase exceeding 3.44%.

On the news front, a report indicated that the U.S. President posted on social media on the 11th, stating that following the submission and approval of consultation results with Iran to its highest leadership, he had canceled a planned strike and bombing operation against Iran scheduled for that evening.

However, an Iranian Foreign Ministry spokesperson stated on the same day that Iran has not reached a final conclusion regarding the U.S.-Iran agreement, and external reports on the matter are speculative.

Subsequently, the Israeli Prime Minister's Office issued a statement confirming a phone call, noting that the Prime Minister expressed support for the commitment to limit Iran's nuclear program and missile capabilities in the final agreement, despite Israel not being a signatory to the memorandum.

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