Silver ounce approaches $4,787... while silver is near $79 per ounce

SadaNews - The price of an ounce of gold today, Monday, reached $4,787, while the price of an ounce of silver stood at $79, amid ongoing fluctuations in the precious metals markets due to rising geopolitical tensions in the region, particularly in light of the war with Iran and the impending end of the temporary truce.

These prices are recorded amid investors' fears of a return to military escalation, as the truce period between the United States and Iran nears its end. This truce was brokered by Pakistan for a duration of two weeks. Conflicting statements from U.S. President Donald Trump, who expressed optimism about reaching a permanent agreement but threatened not to extend the truce, have further added to the uncertainty.

Precious metal prices have experienced sharp fluctuations over the past weeks, attributed to fears of disruptions in energy supplies through the Strait of Hormuz and the impact this could have on the global economy, in addition to ongoing regional tensions extending to Lebanon and other fronts.

Investors are closely monitoring the field and diplomatic developments in the coming hours, awaiting any official statements from Washington or Tehran that may change the course of the markets.