Gold Futures Fall as Easing Geopolitical Strains Diminish Safe-Haven Appeal Gold futures saw a notable decline to their lowest value since early April, with June contracts on the New York Mercantile Exchange dropping 1.4% to $2,313.5 per troy ounce. This drop reflects eased tensions in the Middle East, diminishing the metal’s appeal as a safe haven. From an all-time high of $2,448.8 on April 12, gold has retreated by 2.9% over the past week but is still up 12.5% over three months. Ole Hansen of Saxo Bank regards this downturn as a healthy correction that could test the market’s confidence in gold’s upward momentum, suggesting the upcoming price movements will reveal the true demand for gold amidst potential sell-offs by hedge funds. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Copper Prices Stabilize After Sharp Decline Amid Inflation Concerns READ MORE China's Energy Consumption Per Person Outstrips Europe, Led by Tech and Renewables READ MORE ZeroHedge: Silver: The Moment to Take Action Has Arrived READ MORE February Sees First Drop in Consumer Confidence Since November, Signaling Economic Unease READ MORE Year of the Dragon: Surge in Singapore’s Gold & Silver Sales | Chinese New Year 2024 READ MORE Add a Comment Cancel replyYour email address will not be published.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