Gold Prices End Three-Week Rally Amid Iran Volatility
Gold prices ended a three-week rally, closing near $4,725 after a week of volatility driven by Iran ceasefire tensions. The metal faced downward pressure following U.S. threats to resume bombing Iran and a collapse in peace talks, though it rebounded slightly later in the week. The Justice Department dropping its investigation into Fed Chair Jerome Powell also influenced market sentiment.
Topics: ceasefire_development economic_data federal_reserve gold_prices iran_volatility