Gold Steadies After Falls As U.S., Iran Stepping Back From the Brink

Summary:
◆ Haven demand ebbs as stocks climb with easing Mideast tensions ◆ Palladium retreats from fresh record but holds near ,100 ◆ There’s still very strong demand for gold “due to a host of financial, geopolitical and monetary risks,” said Mark O’Byrne, research director at GoldCore Full article on Bloomberg Gold Posts First Loss in 11 Sessions as Trump’s Speech Ebbs Iran War Worries via Marketwatch ◆ Yellow metal falls from highest levels since 2013 ◆ Gold prices fall after a 10-session run higher after a speech from President Donald Trump indicated that Iran may be “standing down” ◆ “From a trading perspective, gold is very overbought after the close to 10% move higher in the last 30 days,” said Mark O’Byrne, research director at GoldCore in Dublin. “However,

Topics:
Mark O'Byrne considers the following as important: 6a) Gold & Bitcoin, 6a.) GoldCore, Daily Market Update, Featured, newsletter

This could be interesting, too:

Martin Hartmann writes Jetzt anmelden! 18. Juni 2024 🥳

Helena Schulthess writes Kongress der «Students for Liberty» in Tbilisi (Georgien)

Alex J. Pollock writes How Does the Federal Reserve Fit into Our Constitutional Order?

Adnan Al-Abbar writes What Can Carl Menger Teach Us about Falafel Sandwiches?