Analyst: Renewed tensions between the US and Iran trigger cautious sentiment, causing gold prices to fall
According to Odaily, as renewed tensions between the United States and Iran have caused concern among traders, the price of gold has fallen below $4,500 per ounce, failing to hold onto the gains made earlier this week. Analysts at Sucden Financial stated: “Cautious optimism around US-Iran negotiations has somewhat improved the overall market sentiment. However, confidence in a short-term solution remains limited.”
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