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The Emirates News Agency reported Tuesday that gold edged higher supported by lower Treasury yields. Spot gold rose 0.5 percent to $4,507.56 per ounce by 0420 GMT. US gold futures for delivery also posted gains as market sentiment turned positive for the precious metal.
The WAM dispatch indicated that the decline in yields reduced the opportunity cost for holding gold. A softer U.S. dollar additionally bolstered the metal’s appeal to international investors. The combination of these factors helped bullion recover from recent lows.
J.P. Morgan Global Research analysts forecast gold prices to reach $6,000 per ounce by the end of 2026. Their assessment points to continued central bank buying and geopolitical uncertainties as key drivers. The bank noted that gold began the year with strong gains before stabilizing around current levels.
According to the World Gold Council’s mid-year outlook for 2026, the metal may trade around $4,100 per ounce in the second half if conditions remain stable. The council highlighted gold’s sensitivity to abrupt changes in investor sentiment. A worsening economy or renewed geopolitical shock could push prices toward $4,500 per ounce or above, the outlook stated.
Data compiled by the Emirates News Agency showed spot silver advancing 1.4 percent on the day. Other metals including platinum registered similar upward movements. These developments occurred as oil prices fluctuated amid diplomatic efforts to ease regional tensions.
Reuters reported that the U.S. dollar fell 0.9 percent against major currencies. This currency weakness coincided with softer than expected inflation readings. Market observers now assign a lower probability to near-term interest rate hikes by the Federal Reserve.
