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The Economic Times
The Economic Times
National

Gold Price today: Will gold rate crash on Wednesday? Donald Trump holds key

Gold price has remained steady as all eyes on U.S. President Donald Trump's visit to China and scheduled meet with XI Jinping. Spot gold was steady at $4,713.39 per ounce. U.S. gold futures for June ‌delivery gained ⁠0.7 per cent to $4,721.80. Spot silver rose 1 per cent to $87.40 per ounce, platinum slid 0.1 per cent to $2,124.70, and palladium was up 0.4 per cent at $1,497. Oil prices fell after three ​straight sessions of gains, as investors awaited developments ​around the fragile ceasefire in the Iran war.

U.S. President Donald Trump said on Tuesday he does not think he will ​need China's help to end the war with Iran, even as hopes for a ​lasting peace deal dwindled and Tehran tightened its grip over the Strait of Hormuz.

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