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Gold prices have dropped significantly as geopolitical concerns ease.
Iran's backing away from conflict establishes it as a major nuclear presence, supporting gold prices.
Market analysis suggests a correction may occur at this time and price.
Fundamentals:
Let's take a look at the first day of trading of the week, as we see that the price of gold has made the biggest one-day drop in over a year as geopolitical concerns eased. Now that we have taken the war premium out of the market, prices will focus on the current economic situation, such as interest rates and inflation....