Gold Is Nearly Back Where It Started Before Iran General's Death
Thursday, 9 January 2020 19:03 WIB | PRECIOUS METALS |EMASGOLD

Gold dropped for a second day as the U.S. and Iran stepped back from a deeper military conflict, blunting the appeal of haven assets.

The metal is heading back toward levels it was trading at before the U.S. killed top Iranian general Qassem Soleimani last week. President Donald Trump's latest remarks suggested tensions were easing and stocks rose across Europe and Asia.

Spot gold fell as much as 1% to $1,540.33 an ounce, only $11 higher than the closing price the day before the U.S. strike. The metal is poised for the first back-to-back loss since Nov. 25. In other precious metals, platinum edged higher and silver dropped below $18 an ounce.

Source : Bloomberg

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