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Gold retreats as investors cash in after Iran-Israel conflict rally
Gold prices retreated on Monday as investors took profits following a sharp rally that had pushed the metal to a near two-month high. The surge had been triggered by escalating tensions in the Middle East, as clashes between Israel and Iran over the weekend raised concerns of a wider regional conflict. Gold futures lost 0.5% to $3,437.40 per ounce at the time of writing, while the spot gold price slipped 0.7% to $3,411.30 per ounce. "It's the joint political risk premium that's rising due to the Iran-Israel conflict at this point that has boosted safe-haven demand for gold," said Kelvin Wong, a senior market ... (full story)
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- Jun 16, 2025 5:44am Posted byFundamental Analysis401
