2024-04-23 18:42:30
Gold prices fell by more than one percent, Monday, as waning fears of the expansion of the conflict in the Middle East led to a decline in demand for safe havens.
By 11:03 GMT, spot gold fell 1.5 percent to $2,354.61 per ounce.
US gold futures fell by 1.9 percent to $2,368.90.
Tehran downplayed the importance of the drone attack attributed to Israel on Iran, in what appears to be a move aimed at avoiding escalation in the region.
Prices rose to $2,417.59 in the previous session, a level not far from the record high of $2,431.29 recorded on April 12, when investors sought safe haven as stocks declined globally.
Stocks regained some strength in the middle of this week, and oil and bond prices fell slightly, indicating a shift away from the defensive stance that investors adopted at the beginning of the week.
Silver in spot transactions fell 3.4 percent to $27.68 per ounce, platinum lost 0.7 percent to $925.05, and palladium fell 1.7 percent to $1,009.65.
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2024-04-23 18:42:30