Business
Gold Falls as U.S.-Iran Talks Uncertainty Weighs on Sentiment
Gold prices fell more than 2%, but remain above $4,400 a troy ounce as investors assess conflicting signals about cease-fire talks between the U.S. and Iran.
“Despite the recent recovery, gold remains down approximately 15% since the war began, pressured by rising energy-driven inflation expectations that have reduced the likelihood of rate cuts and increased the prospect of tighter monetary policy,” analysts at MUFG said.
“Continued ETF outflows also weigh on sentiment, leaving gold caught between geopolitical uncertainty and shifting macroeconomic expectations.” In early European trade, New York futures were down 2.1% to $4,455.60 an ounce.
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