Gold prices slide as US-Iran ceasefire hopes fade and markets eye US jobs data
Gold prices extended their decline on Tuesday as optimism over a US-Iran ceasefire waned and investors shifted focus to upcoming US jobs data for clues on the Federal Reserve’s next policy move. The precious metal fell below the key $2,300 per ounce level, marking its lowest point in two weeks, as geopolitical risk premiums eased and the dollar strengthened.