Gold Prices Decline Amid Uncertainty in US-Iran Negotiations
Gold prices have continued to fall as investors remain cautious about ongoing negotiations between the United States and Iran to end a two-month war. Spot gold dropped over 1% to around $4,763 an ounce, while U.S. gold futures fell 0.6% to near $4,800. The decline is attributed to inconsistent messaging from President Trump regarding the ceasefire and potential resumption of attacks. The conflict has disrupted global energy supply, affecting monetary easing expectations and creating headwinds for gold. Despite recent signs of recovery, investors remain on edge until a resolution is reached.