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 Banking Crisis 2.0 — Are We on the Brink of the Next Financial Crisis? READ MORE Biden’s latest push to take control of the inflation narrative READ MORE Dollar’s dominant reserve currency status to endure, says Morgan Stanley READ MORE Gold slips from record levels after hot U.S. inflation data READ MORE Add a Comment Cancel replyYour email address will not be published.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
