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 Goldman Says Commodities to Gain as Central Banks Cut Rates READ MORE Silver: “A Quadruple From Here Is LOGICAL” READ MORE US consumers still reeling from earlier price rises even as inflation slows READ MORE US regulators mulling bid to limit bonuses for Wall Street execs, WSJ reports READ MORE Add a Comment Cancel replyYour email address will not be published.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