The price of gold has risen, but is still expected to record a monthly decline of 12%.

Gold prices continue to rise, but are still expected to record a monthly decline of over 12%, as the Iran war has caused energy prices to rise, keeping inflation risks high. Carsten Fritsch of Deutsche Bank said, "Gold prices are heading towards the largest monthly decline since October 2008." However, "as long as the market is not willing to seriously consider a rate hike by the Federal Reserve, gold prices may benefit from rising oil prices, which is the opposite of the situation in recent weeks." In early trading in the United States, New York futures rose 1.1% to $4,609.70 per ounce.