Gold Retreats as Middle East Tensions Ease Following Strikes
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#50bb159c ver:0.41
Gold prices, which had been on a five-week rally, experienced a significant drop of more than 2% to trade near $2,345 per ounce. The decline comes as tensions in the Middle East ease following recent strikes between Israel and Iran. Concerns about an all-out war in the region had driven up gold prices, but Iran's downplaying of Israel's response and signaling no retaliation has reduced the risk premium in the market. Traders are now shifting their focus to US economic data, particularly the personal consumption expenditures price index, which is projected to show a rise to 2.6% last month. Despite the recent drop, gold remains up nearly 15% so far this year, supported by central bank buying and demand from Asia. Spot gold slipped 2.0% to $2,343.48 per ounce, while silver also saw a decline...
#newstr #Gold #MiddleEast #Tensions #Strikes
https://here.news/story/50bb159c?ver=0.41
stories / HERE.news (aka "Newstr")
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2024-04-22 12:23:57
Author Public Key
npub1nnfvvadussrr3y6vh3rtee0urtaej4m0vpz4p2vhfvmak7n7hjrq2effs2Published at
2024-04-22 12:23:57Event JSON
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"content": "Gold Retreats as Middle East Tensions Ease Following Strikes\n===============\t\n#50bb159c ver:0.41\n\nGold prices, which had been on a five-week rally, experienced a significant drop of more than 2% to trade near $2,345 per ounce. The decline comes as tensions in the Middle East ease following recent strikes between Israel and Iran. Concerns about an all-out war in the region had driven up gold prices, but Iran's downplaying of Israel's response and signaling no retaliation has reduced the risk premium in the market. Traders are now shifting their focus to US economic data, particularly the personal consumption expenditures price index, which is projected to show a rise to 2.6% last month. Despite the recent drop, gold remains up nearly 15% so far this year, supported by central bank buying and demand from Asia. Spot gold slipped 2.0% to $2,343.48 per ounce, while silver also saw a decline...\n\n#newstr #Gold #MiddleEast #Tensions #Strikes \n\n https://here.news/story/50bb159c?ver=0.41",
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