Gold posts biggest one-day drop in over a year as geopolitical concerns ease Gold and silver futures dropped on Monday, pressured as investors priced in fading geopolitical tensions, with appetite swinging toward stocks and other assets perceived as riskier. “With Iran and Israel apparently backing away from any further direct confrontation for the time being, there was only so long that gold and silver could defy the gravity of rising bond yields and rising year-end [Federal Reserve interest] rate forecasts,” Adrian Ash, director of research at BullionVault, told Market Watch. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Record Gold Buying by Central Banks Expected to Continue, According to TDS READ MORE Changes to Coin Grading: Numismatic Guaranty Corporation READ MORE Fed says 1,804 banks and other institutions tapped emergency lending facility READ MORE Geopolitical Tensions, Not Interest Rates, Now Seen as Main Risk to U.S. Economy READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment
