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Gold price and the tensions of Middle East

The price of gold drops to $2,350 from recent record highs of around $2,431 as demand for safe-haven assets decreases amid easing concerns over Middle East tensions. Following a limited drone attack by Israel, Tehran's air defense reported destruction of the drones without any damage to nuclear facilities in Isfahan. With Iran showing no immediate plans for retaliation, investors anticipate a lack of significant escalation in the near future despite ongoing tensions.

Dr. Kamaran Qader Yaqub,
Fundamental Analyst and Financial consultant at Investment Spot company. 

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