ع
The Emirates News Agency reported that gold rose 1% on Tuesday, with spot prices climbing as the U.S. dollar weakened against major currencies. Market data compiled by the agency placed the gain in line with broader movements across precious metals. Trading activity intensified during the Asian and European sessions before stabilizing in late afternoon deals. The increase reflected ongoing adjustments in investor portfolios ahead of key economic releases later in the week.
World Gold Council figures show central banks accumulated 1,037 tonnes of gold in 2025, a level that supported prices even during periods of equity market strength. This official sector buying has continued into 2026 at a measured pace, according to the council’s preliminary data. Such purchases have provided underlying demand that cushions gold against short-term volatility. The council’s assessment found that gold’s share in global reserves has risen in emerging markets over the past two years.
Analysts at Reuters noted that expectations for Federal Reserve rate cuts later in 2026 have lowered the opportunity cost of holding gold. Lower yields on government bonds have made non-yielding assets more attractive to institutional investors. The news service quoted commodity strategists who pointed to reduced real yields as a primary driver for the metal’s recent performance. These factors combined to lift gold above its recent trading range on Tuesday.
Silver prices gained 0.8% in the same session while platinum rose 0.4%, according to separate commodity exchange data referenced in the Emirates News Agency update. The moves across the complex indicated selective buying rather than a broad commodities rally. Copper, by contrast, traded with little net change as industrial demand signals remained mixed. The relative strength in precious metals stood out against softer industrial metals.
Investment flows into gold-backed exchange-traded funds turned positive in the second quarter of 2026, a reversal from earlier outflows, according to ETF issuer reports aggregated by Bloomberg. Net inflows reached $2.3 billion in June alone, Bloomberg compilation showed. This shift has reinforced physical demand from both retail and wholesale buyers in major hubs such as London and New York. Market participants continue to monitor holdings data for further confirmation of the trend.
The U.S. Commerce Department reported last week that core inflation eased slightly in June, a development that analysts said supported gold’s appeal. The department’s consumer price index release showed annual inflation at 2.6%, down from prior readings. Several Federal Reserve officials have since signaled openness to policy adjustments if the trend persists. These macroeconomic signals formed the backdrop for Tuesday’s price action in gold.
