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Gold Dips on US-Iran Strikes, Peace Hopes Fade

Gold prices dip on fresh US-Iran strikes, dampening peace hopes. Dollar steadies, oil rebounds. Spot gold falls 0.8%.

Robert Moore
ByRobert Moore- Senior Editor
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Gold prices fell in Asian trade on Tuesday after fresh U.S. strikes on Iran dampened optimism over a potential peace deal.

The dollar steadied, while oil rebounded, pressuring gold and cutting short a recent rally.

Spot gold fell 0.8% to $4,535.17 an ounce, while gold futures fell 0.8% to $4,568.67/oz.

Other precious metals also retreated. Silver dropped 2.1%, platinum fell 0.6%.

U.S. strikes on missile sites and mine-laying boats in southern Iran dented peace prospects.

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Gold Dips on US-Iran Strikes, Peace Hopes Fade | Bond.az