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.”
Gold Price Lowers as Middle East Tensions Ease as Traders Look to US Data
