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Gold Futures Experience First Notable Decline Since August Amid Profit-Taking and Dollar Strength
Gold futures experienced their first notable decline since August on Thursday, with contracts dropping $69.50, or 1.71%, to settle at $3,991.10. This marked the most significant pullback since August 11th, occurring amid dual pressures from easing geopolitical tensions and a strengthening U.S. dollar. The selloff appears partly driven by reduced safe-haven demand, following reports of cease-fire negotiations between Israel and Hamas. Concurrently, the dollar gained considerable strength, rising 0.50% to reach a two-month peak of 99.39. This resurgence of the greenback typically exerts downward pressure on gold ... (full story)
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- Oct 9, 2025 10:59pm Posted byFundamental Analysis247
