Gold Prices Plummet as Tensions Ease in Middle East and Fed Signals Higher Rates – What’s Next for Investors?
New York City, US – Following its sharpest decline in almost two years, the price of gold continued to fall amidst easing tensions in the Middle East and indications that the Federal Reserve intends to maintain higher interest rates for a longer period, leading to reduced demand for the precious metal. Gold prices approached $2,300 per ounce after dropping by 2.7% on Monday. Concerns about a potential escalation in the conflict between Israel and Iran …