Gold Prices Ease After Record Surge Amid Middle East Strife After soaring to an unprecedented high, gold prices moderated on Monday, reflecting a cautious recalibration in the market following a spike driven by escalating Middle East conflicts. Spot gold inched up slightly by 0.3% to $2,349.67 per ounce, pulling back from Friday’s record-setting peak of $2,431.29, catalyzed by anticipations of an Iranian counterstrike. Meanwhile, U.S. gold futures mirrored this tepid sentiment with a slight decrease of 0.3%, settling at $2,366.10. The heightened tensions saw Iran executing a bold aerial assault on Israel, using drones and missiles as retribution for an alleged Israeli attack on its consulate. This geopolitical turmoil underscores gold’s status as a refuge for investors during times of international uncertainty. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts 2024 Starts with a Slowdown in Stock Market, Challenging Fed Rate Cuts READ MORE US Labor Market Shows Signs of Cooling as Hiring Pace Moderates READ MORE Fed's Barr: Disappointing Inflation Data Delays Rate Cuts READ MORE U.S. Credit Card Debt Hits Unprecedented $1.13 Trillion, Fed Report Reveals READ MORE December Consumer Prices Rise Unexpectedly, Surpassing Forecasts READ MORE Add a Comment Cancel replyYour email address will not be published.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