Gold prices slipped in Dubai as the Iran-Israel ceasefire was effective, calming the veins of investors and demanding cooling for precious metal.
24k gold now trades at DH403.5 per gram, as all variants have recorded a decline of all types amidst the ongoing pressure from a strong US dollar, a strong US dollar and the US Federal Reserve firm interest rate.
Often a Go-Two, gold is now retreating during global turmoil because markets are re-achieved. Along with reducing safe-hvan-demand, traders are focusing on inflation figures, fed signals and dollar strength-all are weighing at gold speeds.
For buyers, DIP may provide opportunity at a time. For markets, it is a reminder: when the stress is low, the gold glows.