Gold Prices Dip as Middle East Conflict Cools, Market Eyes Upcoming U.S. Economic Indicators Gold prices fell more than 2% to approximately $2,345 per ounce, reversing a five-week upward trend—the longest in over a year—as tensions in the Middle East began to subside. The decrease in geopolitical risk followed Iran’s understated reaction to recent Israeli strikes, indicating a lower likelihood of immediate retaliation. This shift has reduced the market’s risk premium, particularly as bullish sentiment on oil also receded on Monday, further reflecting easing tensions in the region. These developments come as traders eagerly anticipate upcoming U.S. economic data, which is expected to provide clearer insights into future monetary policy directions. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Gold Prices to Stay Strong Through 2024, Some Say $3,000 is a Stretch READ MORE JP Morgan: Is It a Golden Era for Gold? READ MORE Gold Climbs on Anticipation of Fed Rate Cuts and Middle East Unrest READ MORE 446 Days and Counting: Recession Signal Fails to Predict Economic Downturn READ MORE Treasury Yields Drop as Inflation Data Bolsters Rate Cut Hopes READ MORE Add a Comment Cancel replyYour email address will not be published.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