GOLD is trading 5% down at $41.17 as investors move into risk-off mode following renewed U.S.-Iran tensions and expectations that higher-for-longer interest rates will weigh on non-yielding assets.
- Broader markets are also under pressure, with major indices down around 1%, indicating a widespread decline across asset classes.
- The price action suggests GOLD is selling off in line with cautious global sentiment rather than reacting to any specific company news.