India, June 24 -- Gold hit a two-week low on Tuesday, with demand for the safe-haven metal falling in the backdrop of the Israel-Iran ceasefire. The precious metal has almost given up all gains from the June rally.
Front Month Comex Gold for June delivery slumped $60.30 (or 1.79%) to $3,317.40 per troy ounce today.
Front Month Comex Silver for June delivery lost 45.20 cents (or 1.25%) to $35.701 per troy ounce today.
The Middle East crisis that erupted on June 12th with no ending in sight halted yesterday with US President Donald Trump announcing a ceasefire agreement reached between Israel and Iran. This breather, though uncertain, triggered investors to move away from the yellow metal.
Last weekend, the US intervened in the conflict d...