Gold Prices Plunge to Lowest Level in Two Weeks Following Trump’s Iran-Israel Ceasefire Announcement

Global gold prices fell on Tuesday to their lowest level in nearly two weeks, following an announcement by U.S. President Donald Trump that Iran and Israel have agreed to a ceasefire, ending a 12-day conflict. The news dampened investor demand for the precious metal as a safe haven.

Spot gold dropped by 1.08% to $3,332.05 per ounce, while U.S. gold futures declined by 0.9% to $3,363.50 per ounce.

Among other precious metals, silver edged up 0.1% in spot trading to $36.03 per ounce. Platinum fell by 0.3% to $1,260.78, and palladium slipped 0.1% to $1,043 per ounce.

The easing of geopolitical tensions contributed to reduced market anxiety, decreasing the appeal of gold as a defensive investment