Gold prices fell for three consecutive days after the US attack on Iran

On June 11th, after the United States launched a new round of attacks on Iran, gold prices fell for the third consecutive trading day, with prices about 0.23 lower than before the outbreak of the Iran War at the end of February. Robert Gottlieb, a former precious metals trader and consultant at JPMorgan Chase, stated in an article that the conflicting news headlines are exacerbating market uncertainty, prompting investors to reduce their risk exposure and increase liquidity in various assets. This latest decline is more due to deleveraging and portfolio rebalancing, rather than a fundamental reassessment of gold as a safe haven asset. (Sina Finance)