Gold drops over 1% to two-week low after Trump’s Israel–Iran ceasefire; gold futures fall 1.7%, denting safe-haven demand

Gold drops sharply after Trump’s Israel-Iran ceasefire deal triggered a shift in investor sentiment. With fears of Middle East conflict easing, demand for safe-haven assets like gold faded, sending spot gold down to $3,322.09 and gold futures falling 1.7% to $3,336.00—lowest in two weeks. Stock markets soared while oil fell, reflecting risk-on mood. Analysts now eye Jerome Powell’s speech for further clues on rate cuts. Experts believe gold may consolidate near $3,300 before rebounding later this year. Learn what’s driving the gold market today and what to watch next in this fast-moving story.