Chaos in the Middle East continues to generate a geopolitical safe-haven bid in the gold market, but there are signs that the precious metal’s bull run is losing momentum. In overnight volatility, gold prices spiked sharply above $2,400 after Israel carried out a limited military strike against Iran in retaliation for Iran’s drone and missile attack during the weekend. The rising conflict is due to Israel’s ongoing war with Hamas in Gaza. However, the gold market could not hold its overnight gains and is preparing to close the week out, consolidating around $2,400 an ounce. June gold futures last traded at $2,410.5 ... (full story)