‎Gold modestly higher as markets assess ME conflict outlook

‎<p ><img src="https://argaamplus.s3.amazonaws.com/4d3237e0-8108-415c-8c4f-359ab9bd264b.png" ></p> <p class="ckeCaption" data-olk-copy-source="MessageBody" >Gold prices rise slightly in volatile trading as markets assess the outlook for a diplomatic resolution to the Washington-Tehran conflict</p> <hr> <p >Gold prices edged higher in volatile trading on Wednesday as uncertainty persisted over the prospects of a diplomatic resolution to the conflict between Washington and Tehran.</p> <p ></p> <p >The dollar index, which measures the US currency against a basket of six major currencies, rose 0.1% to 100.72.</p> <p ></p> <p >US President Donald Trump warned that he could completely destroy Iran if no agreement is reached to end the war, while also indicating that a deal could be reached soon amid diplomatic efforts at the United Nations, Reuters reported.</p> <p ></p> <p >Analysts at BMI, a unit of Fitch Solutions, maintained their forecast for gold’s average price in 2026 at $4,400 per ounce. They noted that elevated geopolitical risks and continued central-bank purchases would provide a strong floor for gold prices, preventing them from falling below $3,800.</p> <p ></p> <table align="center" border="1" cellpadding="0" cellspacing="0" width="100%"> <tbody> <tr > <td colspan="4" > <p ><strong>Changes in Selected Precious Metals Prices</strong></p> </td> </tr> <tr > <td > <p ><strong>Metal</strong></p> </td> <td > <p align="center" ><strong>Price ($/oz.)</strong></p> </td> <td > <p align="center" ><strong>Change ($)</strong></p> </td> <td > <p align="center" ><strong>Change (%)</strong></p> </td> </tr> <tr > <td > <p ><strong>Gold (October)</strong></p> </td> <td > <p align="center" >4,348.5</p> </td> <td > <p align="center" ><span >+5.8</span></p> </td> <td > <p align="center" ><span >+0.15%</span></p> </td> </tr> <tr > <td > <p ><strong>Gold (Spot)</strong></p> </td> <td > <p align="center" >4,343.16</p> </td> <td > <p align="center" ><span >(17.56)</span></p> </td> <td > <p align="center" ><span >(0.40%)</span></p> </td> </tr> <tr > <td > <p ><strong>Silver (December)</strong></p> </td> <td > <p align="center" >67.150</p> </td> <td > <p align="center" ><span >+0.620</span></p> </td> <td > <p align="center" ><span >+0.95%</span></p> </td> </tr> <tr > <td > <p ><strong>Silver (Spot)</strong></p> </td> <td > <p align="center" >66.6371</p> </td> <td > <p align="center" ><span >(0.44)</span></p> </td> <td > <p align="center" ><span >(0.65%)</span></p> </td> </tr> <tr > <td > <p ><strong>Platinum (Spot)</strong></p> </td> <td > <p align="center" >1,819.3900</p> </td> <td > <p align="center" ><span >(17.31)</span></p> </td> <td > <p align="center" ><span >(0.95%)</span></p> </td> </tr> <tr > <td > <p ><strong>Palladium (Spot)</strong></p> </td> <td > <p align="center" >1,302.1500</p> </td> <td > <p align="center" ><span >(9.22)</span></p> </td> <td > <p align="center" ><span >(0.70%)</span></p> </td> </tr> </tbody> </table> <p ><em class="ckeCaption">At 8:18 a.m. Makkah time.</em></p>

Publication

Argaam - UAE News · Trade Publication

Published

23rd September 2026

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argaam.com

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