Gold Prices Drop as Middle East Tensions Diminish
Gold prices fell on Monday, as fears of a widening conflict in the Middle East eased, reducing the metal’s safe-haven appeal, while market participants awaited key US inflation data due later this week for clues on interest rates. The spot gold price fell by 0.9 percent to $2,369.97 per ounce, as of 04:51 (GMT). US…