Reported 30 days ago
Gold prices declined from record highs following Israel's controlled strikes on Iran, which mitigated geopolitical tensions and reduced the demand for gold as a haven asset. This drop occurred alongside a rise in US Treasury yields, influencing market sentiment. Analysts highlight that the restrained military action leaves room for de-escalation, while concerns over China's decreased demand for gold further contributed to the dip. Despite a significant increase in gold prices this year, uncertainties related to US elections and upcoming economic data may continue to impact market dynamics.
Source: YAHOO