Middle East
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Despite the sharp decline in the U.S. dollar, gold prices fell on prospects of easing tensions in the Middle East
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The U.S. dollar picked up again, rising to around a 13-month high after gaining 0.17 percent to 107.14
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Both leaders affirmed support for Lebanon's unity and sovereignty, expressing solidarity with its people
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The U.S. dollar index fell 0.11 percent to 106.57, making gold prices more appealing for other currency holders
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This prominence is due to the country's successful economic diversification and reduced reliance on oilÂ
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Geopolitical risks stemming from the Russia-Ukraine war and the ongoing conflicts in the Middle East continue to raise safe-haven demand for gold
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