Gold Rises Amid Ongoing Mideast Uncertainty

The recent USA/Iran agreement has had a favorable impact on international financial markets, but its future trajectory is uncertain until a formal and publicly acknowledged agreement is established.

Until then, the situation remains volatile, with maritime traffic through the Strait of Hormuz currently estimated at less than 10 percent to 15 percent of standard activity.

The price of oil has not exhibited significant increases, which has contributed to a sharp increase in commodity prices, particularly for copper and aluminum.

The stability of global economies is influenced by the trend of oil prices, and any disputes or conflicts between factions in the Middle East could heighten geopolitical instability.