Precious metal prices rose on Monday after US President Donald Trump announced his rejection of Iran’s response to his country’s proposal to end the war. Gold rose 0.5 percent to $4,754 an ounce in spot trading. Silver jumped 6 percent in spot trading to $85.9 an ounce, and platinum rose 2.3 percent to $2,118 an ounce. Observers believe that gold is in demand as a safe haven due to the uncertainty surrounding the global economy as a result of the ongoing repercussions of the war, in addition to central banks continuing to purchase the precious metal. READ: Iran says ready to give ‘memorable lesson’ to any aggression Demand for silver has also increased due to its growing use in several industries, […]
This article was sourced from Middle East Monitor.
Read Full Article on Middle East Monitor →![In this photo illustration, US Dollar banknotes and bar golds are seen. [Mustafa Çiftçi - Anadolu Agency]](https://www.middleeastmonitor.com/wp-content/uploads/2026/05/20210201_2_46650614_62115792.jpg)
