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Gold prices rise near $4,206.86 amid energy ceasefire and Middle East risk tensions

Investing.com ·

  1. 1XAU/USD price rose 0.3% on Monday following a 1.3% increase last week.
  2. 2U.S. President Donald Trump claimed an immediate energy ceasefire between Russia and Ukraine has taken effect.
  3. 3The People's Bank of China added 740,000 ounces to its reserves in September, continuing its buying streak for 23 consecutive months.

So what's the key point?

Gold prices rose near $4,206.86 following news of Middle East instability and an energy ceasefire. Gold prices continue to trend upward as China's central bank continues to purchase gold.

Source Investing.com · View original ↗

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