Gold price takes a beating on ceasefire news
Gold pulled back sharply in overnight trade on Tuesday following US President Donald Trump’s surprise announcement that Israel and Iran had agreed to a complete ceasefire. Gold fell as much as 1.6% or more than $50 to $3,316 an ounce on Tuesday. Bullion remains up more than 25% since the start of the year with
Gold hits near 2-week low as Trump announces Israel-Iran ceasefire – Commodities News
Gold hit a near two-week low on Tuesday after US President Donald Trump announced that Iran and Israel had agreed to a ceasefire to end their 12-day conflict, reducing safe-haven demand for the metal. Spot gold slipped 0.6% to $3,349.89 an ounce, as of 0030 GMT, after hitting its lowest level since June 11. US