‎Gold prices rise as easing inflation concerns support demand

‎<p ><img src="https://argaamplus.s3.amazonaws.com/4a9e783d-60e5-4d97-b5a6-2ae4393758d0.png" ></p> <p class="ckeCaption" ><!--StartFragment-->Gold edged higher as lower oil prices eased inflation concerns<!--EndFragment--></p> <hr> <p >Gold gained after crude oil prices fell more than 5% on Monday following US President Donald Trump's decision to freeze any new military strikes on Iran while awaiting a potential agreement, easing inflation concerns.</p> <p ></p> <p >Meanwhile, the US dollar index, which tracks the greenback against a basket of six major currencies, fell 0.2% to 99.71.</p> <p ></p> <p >Tim Waterer, chief market analyst at KCM Trade, said gold started the week on a relatively positive note, although gains remained limited amid ongoing uncertainty in oil markets, Reuters reported.</p> <p ></p> <p >Markets are also awaiting the Federal Reserve's Senior Loan Officer Opinion Survey later today, which gauges banks' views on loan demand, credit quality, and liquidity conditions.</p> <p ></p> <table align="center" border="1" cellpadding="0" cellspacing="0" width="100%"> <tbody> <tr > <td colspan="4" > <p ><strong><span ><span >Changes in precious metals prices </span></span></strong></p> </td> </tr> <tr > <td > <p ><strong><span ><span >Metal</span></span></strong></p> </td> <td > <p align="center" ><strong><span ><span >Price (USD/oz)</span></span></strong></p> </td> <td > <p align="center" ><strong><span ><span >Change (USD)</span></span></strong></p> </td> <td > <p align="center" ><strong><span ><span >Change (%)</span></span></strong></p> </td> </tr> <tr > <td > <p ><strong><span ><span >Gold (October futures)</span></span></strong></p> </td> <td > <p align="center" ><span ><span >4,083.6</span></span></p> </td> <td > <p align="center" ><span ><span ><span >+7.00</span></span></span></p> </td> <td > <p align="center" ><span ><span ><span >+0.15%</span></span></span></p> </td> </tr> <tr > <td > <p ><strong><span ><span >Gold (spot)</span></span></strong></p> </td> <td > <p align="center" ><span ><span >4,059.60</span></span></p> </td> <td > <p align="center" ><span ><span ><span >+13.45</span></span></span></p> </td> <td > <p align="center" ><span ><span ><span >+0.35%</span></span></span></p> </td> </tr> <tr > <td > <p ><strong><span ><span >Silver (September futures)</span></span></strong></p> </td> <td > <p align="center" ><span ><span >58.32</span></span></p> </td> <td > <p align="center" ><span ><span ><span >+0.53</span></span></span></p> </td> <td > <p align="center" ><span ><span ><span >+0.90%</span></span></span></p> </td> </tr> <tr > <td > <p ><strong><span ><span >Silver (spot)</span></span></strong></p> </td> <td > <p align="center" ><span ><span >58.11</span></span></p> </td> <td > <p align="center" ><span ><span ><span >+0.51</span></span></span></p> </td> <td > <p align="center" ><span ><span ><span >+0.90%</span></span></span></p> </td> </tr> <tr > <td > <p ><strong><span ><span >Platinum (spot)</span></span></strong></p> </td> <td > <p align="center" ><span ><span >1,651.02</span></span></p> </td> <td > <p align="center" ><span ><span ><span >+2.64</span></span></span></p> </td> <td > <p align="center" ><span ><span ><span >+0.15%</span></span></span></p> </td> </tr> <tr > <td > <p ><strong><span ><span >Palladium (spot)</span></span></strong></p> </td> <td > <p align="center" ><span ><span >1,295.51</span></span></p> </td> <td > <p align="center" ><span ><span ><span >+12.05</span></span></span></p> </td> <td > <p align="center" ><span ><span ><span >+0.95%</span></span></span></p> </td> </tr> </tbody> </table> <p class="ckeCaption" >*As of 8:22 a.m. Makkah time.</p>

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Argaam - UAE News · Trade Publication

Published

3rd August 2026

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argaam.com

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