Gold Prices Stable but Upward Trend Continues, Gains Extend into Fourth Week

Karachi (Commerce Desk) Gold prices in the international market remained largely stable today; however, the upward trend has continued for the fourth consecutive week, reflecting growing investor interest. According to international media reports, hopes of a potential peace agreement between the United States and Iran have somewhat eased concerns over inflation and rising interest rates, providing support to gold prices. Data shows that spot gold remained nearly unchanged at around 4,789 dollars per ounce at the time of reporting, while it recorded an increase of approximately 0.9 percent on a weekly basis. Similarly, US gold futures for June also remained stable at around 4,809 dollars per ounce. Meanwhile, the implementation of a ten-day ceasefire between Lebanon and Israel, along with expected progress in US-Iran talks, has also influenced global markets. Experts say that investors are closely monitoring developments in US-Iran negotiations, and if there is further improvement in the situation or an extension in the ceasefire, it could reduce concerns over oil prices and inflation, potentially creating room for further gains in gold prices.