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Gold reverses course, losing the gains from the previous day and slipping by nearly 2% to $4,721.80 per ounce. The market once again fears inflationary pressures following Donald Trump’s televised speech, during which the tycoon threatened severe attacks on Iranian infrastructure. Concerns over rising energy costs have resurfaced, while markets continue to prove extremely vulnerable to shifts in rhetoric regarding the course of the conflict.

[Source: Investing.com]

Gold continues to recover from the lows reached in March, driven by the real possibility that the United States may withdraw from Iranian territory. According to the tycoon, the objectives have been achieved and nuclear infrastructure destroyed; consequently, a ceasefire could occur within two to three weeks. With fears of a prolonged energy crisis easing, gold gains 1.67% and surpasses $4,700 per ounce.

[Source: Teleborsa]

The growing weakening of the U.S. labor market is providing a solid foundation for gold’s upward movement, with prices near session highs. Job openings in the U.S. fell to 6.88 million in February, down from 7.24 million in the previous month. Spot gold surged above $4,600 per ounce, up more than 2% במהלך the day.

[Source: Kitco news]