Gold's appeal wanes is it a buy
The price of gold has declined by more than 16% since Iran's war began at the end of February. It fell from a record high of nearly $5,600 per ounce in January to its lowest point of around $4,318 in June, amid several factors most notably rising U.S. interest rates, increased yields on Treasury bonds, a strengthening dollar, as well as deteriorating geopolitical conditions and rising oil prices. This decline represents a significant increase in the challenges faced by investors in the precious metal amid the current economic and geopolitical circumstances.
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