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 SNAP Benefits Shows 1 in 8 Americans are on Food Stamps READ MORE Zimbabwe Keeps Interest Rate at 20%, Predicts Inflation Below 5% by Year-End READ MORE Bonds Rally, Stocks Dip Following First Presidential Face-Off READ MORE Dollar Climbs Higher as Global Interest Rate Policies Diverge READ MORE New Billboard in Times Square Sounds Alarm on $34 Trillion National Debt Crisis READ MORE Add a Comment Cancel replyYour email address will not be published.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