- Bullion plummets after the best run of weekly gains since 2023
- Traders look ahead to US price data for monetary-policy clues
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.”
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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