NEW YORK (CBS.MW) -- Gold futures closed lower Friday following a rally a day earlier as uncertainty over the Middle East situation and oil prices loomed.

Gold is currently holding its ground at over $2600 (approximately Rs 76,000) per ounce, according to market analysts. However, caution is advised before making any significant investment decisions.

Dollar and Gold Retreat on Reduced Middle East Tensions June 21, 2025 — 04:31 am EDT Written by Rich Asplund for Barchart -> The dollar index (DXY00) Friday fell by -0.21%.

After completing a corrective structure to 2526.00 USD, gold is expected to form a downward wave to 2500.00 USD. Upon reaching this target, a brief rise to 2513.33 USD might occur before ...

Spot gold is up 0.1% at $3,369.92/troy ounce. The Middle East conflict will meanwhile be another headwind for industrial metal copper, which is viewed as a proxy to global economic growth, Hynes says.

Gold prices rose on Thursday, bolstered by rising tensions in the Middle East and a weaker dollar, while softer-than-expected U.S. inflation data boosted expectations of Federal Reserve rate cuts.

Gold has rallied almost 10% this month despite surging US yields and a resilient dollar, primarily driven by its appeal as a safe-haven asset amid geopolitical tension in the Middle East.

2344 GMT — Gold is steady in the early Asian session, supported by geopolitical tensions in the Middle East. Israeli warplanes struck Syrian military headquarters and near the presidential ...

The price of gold decreased around 1.5% on Tuesday on a daily basis as the geopolitical tension eased in the Middle East region. The ounce price of gold dropped by 1.46% to $3,318.60 as of 1000GMT ...

Gold firmed on Monday as rising tensions in the Middle East lifted demand for the safe-haven asset, while markets awaited a Federal Reserve policy decision later this week for more clues on the ...

Gold prices rose on Thursday, bolstered by rising tensions in the Middle East and a weaker dollar, while softer-than-expected U.S. inflation data boosted expectations of Federal Reserve rate cuts ...