June 24, 2025 02:00 PM IST
Gold prices fell by 1.4% due to lower geopolitical risk with ceasefire between Iran and Israel.
Gold prices fell over 1% on Tuesday, as the risk of risk improved on Tuesday after a ceasefire came under the influence of a ceasefire to end the 12-day war between Iran and Israel, which reduces the demand for safe-hevan assets. Spot Gold was 1.4% below $ 3,319.84 per ounce, as 0639 GMT, its lowest level since 11 June.
The US Gold Futures slipped 1.7% to $ 3,335.50. “It seems that there is a good part of geopolitical risk that is coming out of the market near here, of course, we have signs of de-signs between the US and Iran,” Ilya Spiwak said, said, the head of global macro in global macro.
We President Donald Trump On Tuesday, he said that a ceasefire between Israel and Iran was now in place and asked both sides not to violate it. Israeli Prime Minister Benjamin Netanyahu Said that Israel has agreed to Trump’s ceasefire proposal. The announcement increased global equities, while oil prices rose to a two -week low, as there was a concern for supply disruption.
Investors are now waiting for testimony by Fed Chair Zerome Powell before the House Financial Services Committee on Tuesday. Powell has been cautious about the signal to reduce the proximity. Meanwhile, Trump said on Tuesday that interest rates in the country should be reduced by at least two to three percent marks.
“For prejudice Gold prices More, but we can see an improvement in the near period and an optic in dollars if Powell has assured the markets that they are not going to cut more than twice this year, “Spivak said. Gold thrives in a low-onion environment. $ 1,055.15.
