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Gold Tumbles to One-Month Low as Geopolitical Risks Ease

Gold prices dropped over 1% on Friday to their lowest level in nearly a month, falling to $3,282.68 per ounce.

The decline was driven by easing global tensions, including the Iran-Israel ceasefire and progress on U.S.-China trade discussions.

Gold has lost more than 2% this week and fallen over $200 from its April record high. Investors are now watching for U.S. inflation data that could influence future interest rate decisions.

Other precious metals also declined, with platinum falling nearly 6% after recently hitting its highest level since 2014.

Original Source: Reuters

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