ALBAWABA - Tension rises between the United States and Iran despite talks in Geneva, causing a slight increase in gold prices on Thursday.
Gold prices jumped on Thursday, after climbing more than 2 percent the previous day, as ongoing geopolitical tensions between the United States and Iran increased demand for safe havens, while investors assessed the Federal Reserve's (the US central bank) monetary policy path.
Spot gold rose 0.5 percent to $5,004.47 an ounce, while U.S. gold futures for April delivery gained 0.3 percent to $5,025.10.
As for other precious metals, silver rose 1.5 percent in spot trading to $78.36 an ounce after rising more than 5 percent on Wednesday.
Gold prices. (Shutterstock)
