The Zhitong Finance App learned that due to the sharp drop in oil prices over the past few trading days, reducing the possibility that the Federal Reserve will raise interest rates further to contain inflation, the price of gold has risen slightly. The price of gold traded around 4,360 US dollars per ounce. The previous day recorded the biggest drop in a week, then reversed the trend. Oil prices stabilized on Tuesday, with a cumulative drop of more than 9% over the previous four trading days, mainly due to the easing of market concerns about exports to the Middle East and the resumption of a new round of diplomatic efforts aimed at ending the war between the US and Iran.

The Zhitong Finance App learned that due to the sharp drop in oil prices over the past few trading days, reducing the possibility that the Federal Reserve will raise interest rates further to contain inflation, the price of gold has risen slightly. The price of gold traded around 4,360 US dollars per ounce. The previous day recorded the biggest drop in a week, then reversed the trend. Oil prices stabilized on Tuesday, with a cumulative drop of more than 9% over the previous four trading days, mainly due to the easing of market concerns about exports to the Middle East and the resumption of a new round of diplomatic efforts aimed at ending the war between the US and Iran.