-
Gold Markets Navigate US Dollar Strength Amid Geopolitical Tensions
Gold prices retreated for the second consecutive session on tuesday, declining despite persistent geopolitical tensions in the Middle East that would typically drive investors toward safe-haven assets. The precious metal's pullback came as dollar strength overwhelmed the traditional flight-to-quality dynamics that have historically supported gold during periods of international uncertainty. After reaching record closing levels on Friday, gold futures for the most active August contract settled at $3,403.30 per ounce, representing a 0.43% decline or $14.40 drop as of 4:15 PM ET. The retreat occurred even as the ... (full story)