Gold futures rise amid easing Middle East tensions, analysts say. "President Trump's announcement to temporarily pause a U.S.-led plan to provide safe passage for vessels through the Strait of Hormuz," has eased these tensions, CBA's Vivek Dhar says in a research report. Gold futures have mostly tracked inversely to the direction of Middle East tensions since prices reached an intraday peak of $5,422 an ounce on March 2, the analyst says. An "upward shift in gold will likely be driven by any cea

Gold futures rise amid easing Middle East tensions, analysts say. "President Trump's announcement to temporarily pause a U.S.-led plan to provide safe passage for vessels through the Strait of Hormuz," has eased these tensions, CBA's Vivek Dhar says in a research report. Gold futures have mostly tracked inversely to the direction of Middle East tensions since prices reached an intraday peak of $5,422 an ounce on March 2, the analyst says. An "upward shift in gold will likely be driven by any cease-fire hopes in the Middle East, market pricing of rate cuts as high energy prices weigh on global growth and Fed independence concerns," Dhar adds.