Commodities
Gold Retreats as Haven Buying Eases Following Iran Strikes
- Bullion slips from near record high following missile attack
- US jobs report later this week may give clues on Fed rate cut
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Gold fell, erasing some of Tuesday’s advance, as traders await Israel’s response to Iranian missile strikes.
Bullion traded down after climbing as much as 1.5% during the previous session when Iran struck Israel with ballistic missiles. President Benjamin Netanyahu called the move a “big mistake” and vowed to make Iran “pay for it.” The US is actively supporting preparations to defend Israel, according to an earlier report.