Gold Prices Stagnate at $4,054 Amid Geopolitical Tensions

Gold prices continued to be influenced by global market movements, ending last week's trading at $4,054 per ounce. The precious metal recorded limited weekly gains despite recovering from previous session losses.

The heightened geopolitical tensions in the Middle East and rising energy prices remain key concerns for investors. According to a report by Dar Al Sabaik, gold has experienced notable declines in recent months following the escalation of tensions between the United States and Iran.

Rising oil prices were the biggest factor influencing markets last week, driven by continued tensions in the Middle East and concerns over possible disruptions to energy supplies. The report noted that sustained high energy costs could increase production and transportation expenses, potentially encouraging central banks to maintain tighter monetary policies for longer.