The price of gold continued its decline on Tuesday for the second consecutive day, following an unprecedented peak of over $3,500 per ounce.
This historic surge had been driven by a resurgence in geopolitical tensions and strong demand for safe-haven assets, amid a global environment marked by economic uncertainty.
According to market data, by midday, the price of gold was trading at $3,472 per ounce, down approximately 1.3% from the previous day. On the day before, gold had already dropped by nearly 0.9%, ending a series of spectacular gains that had propelled prices to record levels.
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