Gold Prices Rise Amid Escalating Geopolitical Tensions: Precious Metals Continue to Gain

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Investors are also awaiting new signals regarding the future of U.S. interest rates. Spot gold rose by 0.3% to reach $2,657.41 per ounce as of 02:38 GMT, while U.S. gold futures climbed by the same percentage to $2,660 per ounce. On the battlefield, Ukraine launched a barrage of British Storm Shadow missiles against targets in Russia, following its use of advanced U.S. ATACMS missiles the day before, marking a significant escalation in the conflict. Simultaneously, the United States vetoed a U.N. Security Council resolution calling for a ceasefire in Gaza, further heightening global geopolitical tensions. In financial markets, the CME Group’s FedWatch tool indicated a 54% probability of a 25 basis-point rate cut in December. As for other precious metals, spot silver rose 0.8% to $31.11 per ounce, platinum gained 0.4% to $965.30 per ounce, and palladium increased by 0.7% to $1,027.84 per ounce. - [Facebook](https://www.facebook.com/sharer/sharer.php?u=https%3A%2F%2Fplatformsfx.com%2Fgold-prices-rise-amid-escalating-geopolitical-tensions-precious-metals-continue-to-gain%2F&t=Gold+Prices+Rise+Amid+Escalating+Geopolitical+Tensions%3A+Precious+Metals+Continue+to+Gain "Facebook") - [Share on X](https://x.com/intent/tweet?url=https%3A%2F%2Fplatformsfx.com%2Fgold-prices-rise-amid-escalating-geopolitical-tensions-precious-metals-continue-to-gain%2F&text=Gold+Prices+Rise+Amid+Escalating+Geopolitical+Tensions%3A+Precious+Metals+Continue+to+Gain "Share on X") - [LinkedIn](https://www.linkedin.com/sharing/share-offsite/?url=https%3A%2F%2Fplatformsfx.com%2Fgold-prices-rise-amid-escalating-geopolitical-tensions-precious-metals-continue-to-gain%2F "LinkedIn") - [WhatsApp](https://api.whatsapp.com/send?text=Gold+Prices+Rise+Amid+Escalating+Geopolitical+Tensions%3A+Precious+Metals+Continue+to+Gain+https%3A%2F%2Fplatformsfx.com%2Fgold-prices-rise-amid-escalating-geopolitical-tensions-precious-metals-continue-to-gain%2F "WhatsApp") - [Email](mailto:?subject=Gold+Prices+Rise+Amid+Escalating+Geopolitical+Tensions%3A+Precious+Metals+Continue+to+Gain&body=https%3A%2F%2Fplatformsfx.com%2Fgold-prices-rise-amid-escalating-geopolitical-tensions-precious-metals-continue-to-gain%2F "Email") - [Copy Link](https://platformsfx.com/gold-prices-rise-amid-escalating-geopolitical-tensions-precious-metals-continue-to-gain/#copy-link "Copy Link") #### Share this post with your friends Join our Newsletter Stay up to date with the most recent news \[sibwp\_form id=3\]