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Gold Rebounds as Iran Suspends Israeli Military Action
The precious metal staged a recovery Monday following Tehran’s announcement that it had suspended military actions against Israel, providing temporary relief to markets shaken by renewed hostilities between the nations. Spot prices climbed 0.3% to reach $4,343.70 per ounce during mid-morning trading in New York. Earlier in the session, the metal had plunged as much as 1.4%, marking its weakest level since March 23. The turnaround followed confirmation from Iran’s central military command through the semi-official Fars news agency that operations had concluded. Nevertheless, Tehran issued a stern warning that ... (full story)
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- Jun 8, 9:54am | 4 hr ago Posted byFundamental Analysis78
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