Gold prices fall in Asian session as easing geopolitical tensions curb safe-haven demand
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Affected by possible position adjustments, gold fell during early Asian trading. Bas Kooijman, CEO and asset manager at DHF Capital, stated in an email that scheduled talks between the United States and Iran have made the market cautiously optimistic that diplomatic channels remain open, and any tangible easing of tensions could drive capital flows into risk assets and suppress safe-haven demand. Kooijman also pointed out that the anticipated talks between Russia and Ukraine have brought initial hopes for progress, although hostilities continue at present. Spot gold recently fell by 0.7%, last trading at $4,957.83 per ounce.
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