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 August Jobs Data: Key to Fed's September Rate Decision READ MORE Investor Focus on Fed's Rate Strategy Boosts Gold During Rising Inflation READ MORE Jamie Dimon Predicts Sustained High Interest Rates Amid Economic Challenges READ MORE Emerging Economies Drive Gold Rally as Sanctions Fears Spark Diversification READ MORE Investor Confidence Shifts: A Closer Look at the 'No Landing' Economic Forecast READ MORE Add a Comment Cancel replyYour email address will not be published.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