The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
Gold prices faced intense selling pressure following US strikes against Iranian targets, which were launched in response to the downing of an American helicopter. Although prices showed signs of stabilization by June 12, gold ultimately dropped by 2% on June 13 as it lost its safe-haven appeal despite the geopolitical unrest. Meanwhile, oil prices surged above $93 per barrel driven by the military escalation in the Middle East.