World gold cools down
Updated
Gold prices fell in Monday's trading session, taking a breather after approaching the $2,000/oz mark in the previous session, as investors braced for further developments in the Middle East and US economic data. .
Spot gold contracts decreased 0.5% to 1,971.3743 USD/oz, gold futures contracts also decreased 0.5% to 1,983.20 USD/oz.
“Safe-haven demand will continue to push gold prices higher after a period of slight correction,” said David Meger, director of metals trading at High Ridge Futures. We believe that geopolitical tensions and instability in the Middle East will continue to push prices higher.”
Spot gold contracts decreased 0.5% to 1,971.3743 USD/oz, gold futures contracts also decreased 0.5% to 1,983.20 USD/oz.
“Safe-haven demand will continue to push gold prices higher after a period of slight correction,” said David Meger, director of metals trading at High Ridge Futures. We believe that geopolitical tensions and instability in the Middle East will continue to push prices higher.”
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The US plans to produce the "Iron Dome" interceptor missileThe Wall Street Journal quoted US military and military industry representatives as saying on the 23rd that the Palestinian-Israeli conflict has aroused US interest in producing interceptor missiles for the system. "Iron Dome" air defense system. According to reports, since the outbreak of a new round of conflict between Palestine and Israel, Israel's arsenal of interceptor missiles is running out. The Washington Post reported earlier this month, citing multiple Israeli officials, that Israel had previously made specific requests to the US, including providing interceptors, small diameter bombs, ammunition and support. intelligence for the ''Iron Dome'' air defense system. (CCTV News)
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