Gold Tumbles as Haven Demand Wanes Amid Easing War Risks Bullion plummets after the best run of weekly gains since 2023 Traders look ahead to US price data for monetary-policy clues Gold remains more than 15% higher so far this year, with gains supported by central-bank buying and demand from Asia, especially China. Gold took a tumble as haven demand waned after geopolitical tensions eased in the Middle East. Bullion dropped as much as 2.8% in its biggest intraday decline since June 2022 to trade as low as $2,324.96 an ounce. While Israel and Iran have traded attacks, raising concerns about an all-out-war in the region, Tehran has played down the impact and significance of Israel’s recent strike, saying on Monday that Israel has received the “necessary response at this stage.” « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Gold hits record highs on safe-haven demand, US rate cut bets READ MORE Gold Prices are Dropping. CBSNews Shares 5 Good Reasons to Invest Now READ MORE Interest Rate Outlook: Fed Plans Cautious Cuts After Inflation Assessment READ MORE America’s Office Fire Sale Has Barely Begun READ MORE Add a Comment Cancel replyYour email address will not be published.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
