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 Ports as Pawns: The $2 Trillion Transformation of Global Trade Hubs READ MORE Asian Gold Demand Surges Despite Near-Record Prices READ MORE What Is Velocity of Money & Why Is It VITAL To What Is Coming? READ MORE ZeroHedge: Futures Flat As "Crazy Week" Begins READ MORE Anticipation Ahead of Fed Meeting Leads to Decline in Treasury Yields READ MORE Add a Comment Cancel replyYour email address will not be published.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