Gold Slumps As Signals Of An End To Gulf War Fail To Show Up

Gold prices fell for a third consecutive session as traders reacted to President Trump's claim that Iran would 'surrender soon' contrasted with an assertive stance from Iran's new leadership, reducing safe-haven demand. The conflicting geopolitical signals increased volatility in bullion markets and drove a short-term pullback in gold.

Analysis

Gold prices fell for a third consecutive session as traders reacted to President Trump's claim that Iran would 'surrender soon' contrasted with an assertive stance from Iran's new leadership, reducing safe-haven demand. The conflicting geopolitical signals increased volatility in bullion markets and drove a short-term pullback in gold.