Gold Suffers Steepest Daily Plunge in a Year As Geopolitical Fears Ease Gold prices experienced a significant drop of 2.4%, falling to $2,354.10, marking the most substantial one-day decline in over a year as geopolitical tensions lessened and investors moved towards higher-risk assets like stocks. This shift in investment preference reflects a broader market reevaluation following a temporary peak where the front-month gold for April delivery reached a record high of $2,398.40 just last Friday. Ricardo Evangelista, a senior analyst at ActivTrades, noted that the easing of tensions in the Middle East is prompting a renewed focus on the resilience of the U.S. economy and ongoing inflation concerns. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts IOU YOU: "Value in Gold, Fraud in Fiat" READ MORE Jamie Dimon Warns of U.S. Debt Crisis as Nation Adds $2.1 Trillion in Three Months READ MORE IMF Cautions Against Premature Rate Cuts by Central Banks READ MORE America's $35 Trillion Debt: A Ticking Time Bomb for Future Generations READ MORE Retail Sales Edge Up 0.1% in May, Falling Short of Forecasts READ MORE Add a Comment Cancel replyYour email address will not be published.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