Gold's direction will depend less on geopolitical headlines
Gold has fallen for the tenth consecutive trading day, setting a record for the longest losing streak in history. Market optimism quickly faded after Trump's comments on potential developments in the Middle East. Iran previously dismissed the possibility of negotiations, and reports indicated that Gulf allies could be involved. This conflict has intensified inflation risks and reinforced expectations that interest rates could remain elevated for longer, which puts pressure on non-yielding assets like gold. Since the conflict erupted o
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