Gold prices fell on Tuesday in Asia, easing from the highest level in more than six years following the knee-jerk reaction toward news of escalating U.S.-Iran tensions.
Gold Futures traded 0.5% lower to $1,560.75 by 11:13 PM ET (03:13 GMT).
Gold prices have rallied more than 2% over the past two days, driven by increasing safe-haven demand amid U.S.’s standoff with Iran.
The fall in prices of the safe-haven metal today came despite reports that the U.S. has committed more troops to the Mideast and speculations that Tehran will retaliate for the U.S. airstrike that killed General Qassem Soleimani last week.
Meanwhile, global equities rebounded today, with Chinese stocks gaining almost 1% in morning trade.
Source : Investing.com