Gold Retreats as Market Monitors Progress on Iran War Ceasefire The recent news of a ceasefire in the US Iran conflict may seem like it has little direct bearing on the global gold market, but its impact is being felt nonetheless.
The yellow metal's price had been steadily climbing over the past few months, driven by central banks and investors seeking safe haven assets amidst economic uncertainty.
However, with markets monitoring developments around the ceasefire, the price of gold has retreated, erasing some of yesterday's gains.