Image depicting the impact of geopolitical events on the gold market

Gold Price Analysis for June 25, 2024

Current Price:

As of 1:50 PM Riyadh time, gold is trading at $2,334.61 per ounce.


Gold prices are volatile today due to ongoing Middle East tensions, increasing demand for gold as a safe haven. Conversely, positive US economic data has strengthened the dollar and increased bond yields, pressuring gold prices.

Influencing Factors:

  1. Global Economic Factors:
    • Healthy global economic conditions reduce the demand for gold, while tight monetary policies increase the opportunity cost of holding non-yielding assets like gold.
  2. Geopolitical Events:
    • Geopolitical tensions and political instability support gold prices as a safe haven.


Market expectations suggest gold will continue moving within a narrow range of $2285 to $2450 per ounce in the coming months. Analysts recommend monitoring the key support level at $2311.

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