Tuesday, May 12, 2026

Business News

Gold prices stabilise as investors await geopolitical developments in the Middle East

Gold prices were stable today as investors assessed developments in the Middle East conflict and interest rate expectations ahead of the release of US inflation data.

ONA

info@thearabianstories.com

Tuesday, May 12, 2026

SINGAPORE – Gold held steady at $4,732.89 per ounce in spot trading.
US gold futures for June delivery rose 0.3 per cent to $4,742.40 per ounce.
Markets are also watching closely as US President Donald Trump begins a two-day visit to China this week, where he is scheduled to meet his Chinese counterpart to discuss a range of issues, including the ongoing conflict in the Middle East.

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