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 Zimbabwe Will Attempt to Create Gold-Backed Currency READ MORE Hedge Funds Go for Gold as Political and Economic Uncertainties Loom READ MORE ALERT: Does This Map Signal the Beginning of Nuclear Conflict? READ MORE Inflation No Match for Casino Wins: U.S. Gaming Industry Sees Historic Highs in 2023 READ MORE Opinion: Cutting Interest Rates is Misguided READ MORE Add a Comment Cancel replyYour email address will not be published.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