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 is headed to $3,000 or higher, says this veteran strategist READ MORE $100,000 In Gold Recovered In Fraud Investigation: East Hampton Police READ MORE Powell Warns ‘The US Is on an Unsustainable Fiscal Path’ READ MORE Buying Goldbacks In Canada: Your Complete Resource READ MORE Add a Comment Cancel replyYour email address will not be published.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
