Singapore, 10 June 2026 – Gold extended its decline as renewed tensions involving the United States, Iran and regional allies tested a fragile Middle East truce, while rising expectations of higher US interest rates added further pressure on the precious metal.
Bullion fell more than 1% to its lowest level in over two months, tracking broader market weakness as investors reassessed safe-haven demand, interest-rate risk and the uncertain path of geopolitical de-escalation. The decline came despite fresh signs that the truce in the Middle East remains vulnerable to renewed confrontation.
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