Gold Rises As Focus Shifts To Inflation Data

U.S. President Donald Trump set a deadline to bomb Iranian power plants if Iran does not reopen the Strait of Hormuz, prompting gold prices to trade higher on Tuesday amid safe-haven buying. The escalation increases risk-off pressure and could raise volatility in gold and oil markets due to potential Middle East supply disruptions.

Analysis

U.S. President Donald Trump set a deadline to bomb Iranian power plants if Iran does not reopen the Strait of Hormuz, prompting gold prices to trade higher on Tuesday amid safe-haven buying. The escalation increases risk-off pressure and could raise volatility in gold and oil markets due to potential Middle East supply disruptions.