Mitsubishi UFJ: Gold Futures Expected to Achieve Weekly Gains

Odaily News Gold futures are expected to achieve weekly gains, as optimism over potential US-Iran talks and a ceasefire agreement between Israel and Lebanon is weighing on oil prices and boosting overall market sentiment. Mitsubishi UFJ stated, "Lower oil prices have alleviated inflation concerns." However, although gold has recouped some of its previous losses, it remains about 9% lower than levels at the start of the conflict. Persistent risks to energy supply and the presence of damaged infrastructure may keep inflation uncertainty elevated. (Jin10)