The price of gold drops to $2,350
from recent record highs of around $2,431 as demand for safe-haven assets
decreases amid easing concerns over Middle East tensions. Following a limited
drone attack by Israel, Tehran's air defense reported destruction of the drones
without any damage to nuclear facilities in Isfahan. With Iran showing no
immediate plans for retaliation, investors anticipate a lack of significant
escalation in the near future despite ongoing tensions.
Dr. Kamaran Qader Yaqub,
Fundamental Analyst and Financial consultant at Investment Spot company.