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After Iran, gold is looking less glittery

Source: economist.com

Gold prices have dropped sharply after peaking amid Middle East tensions involving Iran.
The metal fell from $3,167 per ounce in April to under $2,700 recently, driven by easing geopolitical fears and rising interest rates.
Central banks continue buying gold, but investor enthusiasm is waning, signaling a potential end to the recent bull run.

Gold's allure has faded following a surge tied to Iran's attack on Israel in April, as markets calm and other factors weigh in. The article examines why the metal's price has tumbled despite ongoing central bank purchases, spotlighting the roles of speculators, interest rates, and supply dynamics. It matters because gold is a key safe-haven asset for investors and a store of value for nations, so its slump could signal shifting global risks and economic pressures.