Tuesday, 02 January 2024 12:17 GMT

Gold Pulls Back As The Dollar Strengthens, US-Iran Talks Blow Up


(MENAFN- Investor Brand Network) Spot gold started the week with a pullback, losing 0.2% to trade at $4,740 per ounce. On Tuesday, the metal recovered slightly and started the day at $4,758. These losses came as the talks between the United States and Iran fell through over the weekend and the dollar regained its momentum.

Markets are therefore likely to respond instantly to news headlines as sentiment takes center stage over macro factors that normally influence markets. Stakeholders like Collective Mining Ltd. (NYSE American: CNL) (TSX: CNL) will therefore keep tracking any new developments on the global picture and especially...

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