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Gold prices fell by more than 1% on Tuesday as easing geopolitical tensions following U.S. President Donald Trump\u2019s announcement of a ceasefire between Israel and Iran prompted investors to move away from safe-haven assets.<\/p>\n\n\n\n
Spot Gold<\/strong> fell 1.1%<\/strong> to $3,332.57 an ounce<\/strong> by 02:00 ET (06:00 GMT), marking its lowest level since June 11<\/strong>. Gold Futures for August<\/strong> also dropped 1.4%<\/strong> to $3,346.02\/oz<\/strong>.<\/p>\n\n\n\n President Trump declared a full ceasefire between Israel<\/strong> and Iran<\/strong> late Monday, signaling a potential end to the ongoing conflict, referred to as “THE 12-DAY WAR.”<\/p>\n\n\n\n In a social media post on Truth Social<\/strong> early Tuesday, Trump confirmed, \u201cTHE CEASEFIRE IS NOW IN EFFECT. PLEASE DO NOT VIOLATE IT!\u201d<\/p>\n\n\n\n However, despite the announcement, media reports indicated explosions were heard near Tel Aviv<\/strong> and Beersheba<\/strong> in southern Israel shortly before Trump\u2019s statement. Reports also confirmed that Iran<\/strong> had agreed to the truce, although its foreign minister warned that the truce would only hold if Israel<\/strong> halted all military actions.<\/p>\n\n\n\n The ceasefire follows the U.S. bombing of three Iranian nuclear sites<\/strong> and Iran’s retaliation on Monday by launching missile attacks on the U.S. airbase<\/strong> in Qatar<\/strong>.<\/p>\n\n\n\n Markets reacted positively to the ceasefire news, with U.S. stock index futures<\/strong> rising and oil prices<\/strong> sliding more than 3%<\/strong>, alleviating concerns over supply disruptions in the Middle East.<\/p>\n\n\n\n As tensions de-escalated, investors moved away from traditional safe-haven assets like gold, redirecting funds into equities and other risk-on<\/strong> assets.<\/p>\n\n\n\n Despite some support from a weaker dollar, market sentiment remained cautious, with investors awaiting Federal Reserve Chair Jerome Powell’s<\/strong> two-day testimony before Congress starting Tuesday. Powell\u2019s comments on future monetary policy, particularly any cues on potential interest rate cuts, could further influence market direction.<\/p>\n\n\n\n Broader metal prices<\/strong> also declined as investors shifted toward riskier assets in response to the growing optimism of geopolitical stability.<\/p>\n\n\n\n Silver Futures<\/strong> fell 0.6%<\/strong> to $35.99 per ounce<\/strong>, while Platinum Futures<\/strong> rose 0.9%<\/strong> to $1,280.15\/oz<\/strong>.<\/p>\n\n\n\n Meanwhile, Copper Futures<\/strong> on the London Metal Exchange<\/strong> gained 0.3%<\/strong> to $9,693.35 a ton<\/strong>, supported by a weaker U.S. dollar<\/strong>. However, U.S. Copper Futures<\/strong> dropped 0.7%<\/strong> to $4.900 a pound<\/strong>. The U.S. Dollar Index<\/strong> fell 0.3%<\/strong> during Asian hours, offering support to industrial metals like copper.<\/p>\n","protected":false},"excerpt":{"rendered":" Gold prices fell by more than 1% on Tuesday as easing geopolitical tensions following U.S. President Donald Trump\u2019s announcement of a ceasefire between Israel and Iran prompted investors to move away from safe-haven assets. Spot Gold fell 1.1% to $3,332.57 an ounce by 02:00 ET (06:00 GMT), marking its lowest level since June 11. Gold …<\/p>\n","protected":false},"author":9,"featured_media":110167,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[38,6827,49,37,36],"tags":[],"class_list":["post-115774","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-daily-economic-reports","category-economic-reports","category-forex-markets","category-market-updates"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/115774","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=115774"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/115774\/revisions"}],"predecessor-version":[{"id":115775,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/115774\/revisions\/115775"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/110167"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=115774"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=115774"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=115774"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Trump\u2019s Ceasefire Announcement Shifts Investor Sentiment<\/h3>\n\n\n\n
Shift Away from Safe-Haven Assets<\/h3>\n\n\n\n
Precious Metals Retreat, Copper Gains on Dollar Weakness<\/h3>\n\n\n\n