Iranian strikes

Gold rebounds on market caution, aims for $2,400

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Gold rebounds on market caution, aims for $2,400

Gold is trading around ,370 per troy ounce due to caution amidst geopolitical tensions in the Middle East. The US Dollar Index is losing ground, making Gold less expensive for investors using other currencies. Federal Reserve officials have acknowledged that inflation has surpassed expectations. Fed Chair Jerome Powell’s recent comments suggest a potentially hawkish stance on upcoming monetary decisions.

Russia calls for restraint after Iranian strikes on Israel

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Russia calls for restraint after Iranian strikes on Israel

Russia expressed extreme concern over Iranian strikes on Israel, calling for all parties to show restraint. Tensions will remain high until the conflict between Israel and the Palestinians is resolved. Russia condemned Israel’s strike on the Iranian consulate in Damascus and warned that unresolved crises in the Middle East could escalate tensions. Former Russian President Dmitry Medvedev said that a war between Israel and Iran would harm Joe Biden’s chances of being re-elected as U.S. president.