Gold prices sink as safe haven rally pauses, M. East tensions in focus
Investing.com-- Gold prices fell on Monday, reversing course after increased safe haven demand spurred a series of strong gains in the yellow metal, with focus remaining on any potential spillover from the Israel-Hamas war.
Markets were now watching to see whether the Israel-Hamas conflict would spill over into the Middle East region, as Israel prepares a ground offensive in the Gaza strip., more closely watched by some traders than futures, was at $1,919.46.65 by 15:50 ET , down $13.36, or 0.7%, on the day.released last week pointed to a sustained hawkish stance from the Federal Reserve, which is likely to keep interest rates higher for longer.
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