Lates News

After the United States launched a new round of attacks on Iran, the price of gold has continued to decline for the third consecutive trading day. The price of gold is approximately 23% lower than the levels before the outbreak of the Iran war at the end of February. Robert Gottlieb, a consultant at JPMorgan and former precious metals trader, wrote: "The succession of conflicting headlines is intensifying market uncertainty, prompting investors to reduce risk exposure and increase liquidity in various assets." He wrote that the latest decline in gold prices is "more due to deleveraging and portfolio rebalancing, rather than a fundamental reassessment of gold as a safe-haven asset."