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 Fed Chair Powell Stresses Patience on Rate Cuts Amid Inflation Battle READ MORE JP Morgan Gold Traders go to Jail, while JP Morgan exits DoJ ‘Sin Bin’ READ MORE BANK OF AMERICA: Gold Still Has Upside, Despite New Record High READ MORE Swiss Central Bank Cuts Rates, Getting Ahead of Global Peers READ MORE Gold's STEALTH Institutional Rally…What Happens When the Public Arrives? READ MORE Add a Comment Cancel replyYour email address will not be published.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