Gold posts biggest one-day drop in over a year as geopolitical concerns ease

Gold prices fell sharply Monday on the view that tensions in the Middle East, notably between Israel and Iran, are easing.

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.

Michael Piccoini

CEO and Founder of CanAm Bullion has been dedicated to delivering exceptional value to Canadians since 2017. Driven by a mission to empower Canadians with expert investment advice and education, he has positioned CanAm Bullion as a trusted resource for those seeking to enhance their portfolios with precious metals. Under Michael’s leadership, the company has become synonymous with reliability, knowledge, and dedication, helping Canadians achieve greater financial stability and long-term success.

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