Follow-up- INA
Gold prices were largely stable on Tuesday as investors paused after recent volatility, while focusing on developments related to the Middle East conflict following the cancellation by U.S. President Donald Trump of a planned strike on Iran.
Spot gold slipped 0.1% to $4,560.39 per ounce by 02:28 GMT, after hitting its lowest level since March 30 during Monday’s session.
U.S. gold futures for June delivery edged up 0.1% to $4,563.50 per ounce.
Oil prices fell by more than 2%, easing some inflation concerns. Gold is traditionally viewed as a hedge against inflation, though higher interest rates tend to weigh on the non-yielding precious metal.
Among other precious metals, spot silver dropped 1.3% to $76.63 per ounce, platinum fell 0.5% to $1,969.84, and palladium declined 1.2% to $1,401.74 per ounce.
