3 Reasons Gold Prices Are Falling Despite an Escalating Iran Conflict
ByYahoo Finance
3 days ago
Source:Yahoo Finance
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The price of gold pitched lower early Tuesday, even as the war in the Middle East ratcheted up. Front month gold futures fell 3.5% to $5,107 an ounce, snapping a two-session winning streak, according to Dow Jones Market Data. Gold’s decline would appear counterintuitive since it is typically thought of as a haven to geopolitical risks.
The price of gold pitched lower early Tuesday, even as the war in the Middle East ratcheted up. Front month gold futures fell 3.5% to $5,107 an ounce, snapping a two-session winning streak, according to Dow Jones Market Data. Gold’s decline would appear counterintuitive since it is typically thought of as a haven to geopolitical risks.
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