{"id":60955,"date":"2025-06-17T18:13:51","date_gmt":"2025-06-17T18:13:51","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2025\/06\/17\/gold-settles-lower-amid-escalation-of-israel-iran-conflict\/"},"modified":"2025-06-17T18:13:51","modified_gmt":"2025-06-17T18:13:51","slug":"gold-settles-lower-amid-escalation-of-israel-iran-conflict","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2025\/06\/17\/gold-settles-lower-amid-escalation-of-israel-iran-conflict\/","title":{"rendered":"Gold Settles Lower Amid Escalation Of Israel-Iran Conflict"},"content":{"rendered":"<p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> Gold prices dropped on Tuesday even as signs of the Israel-Iran conflict cooling off seem nowhere in the radar and an exchange of attacks continuing without a retreat.<\/p>\n<p>Front Month Comex Gold for June delivery dipped $9.80 (0.29%) to $3386.60 per troy ounce today. Nonetheless, this settlement value is the sixth highest this year.<\/p>\n<p>Front Month Comex Silver for June delivery gained 71.10 cents (1.95%) to $37.090 per troy ounce today.<\/p>\n<p>Israel&#8217;s barrage of attacks on Iran with drones and missiles targeting military, civilian, and infrastructure sites and counterattacks by Iran entered the fifth straight day today.<\/p>\n<p>Yesterday, reports of Iran offering to re-negotiate on nuclear deals and its readiness for peace with Israel pulled down bullion price sharply. However, the said talks did not take off any further.<\/p>\n<p>During his departure from the G7 summit in Canada, US President Donald Trump continued to stress that Iran failed to have a nuclear deal with the US which could have prevented Israel&#8217;s attacks.  He has reiterated that he wants a &#8220;real end&#8221; and is not pushing for a ceasefire. In addition, he has asked for &#8220;full evacuation&#8221; of Tehran city. This has rekindled the fears of the conflict escalating deeply.<\/p>\n<p>On the economic front, data released by the US Commerce Department revealed that retail sales in the US declined 0.9% month-over-month in May.  Fed data revealed that industrial production for May fell 0.2%. Both of these numbers are far below expectations.<\/p>\n<p>Now, investors are keenly awaiting the US central bank&#8217;s monetary policy and interest rate decision on Wednesday. Speculation is wide that the Fed may go in for two rate cuts by the year-end.<\/p>\n<p>However, if the Middle East conflict deepens or more nations participate on either side, analysts expect gold prices to lurch upwards further and hold on there for longer. <\/p>\n<\/p>\n<p>Market Analysis<\/p>\n<\/div>\n<p><script type=\"text\/javascript\">\n        window.fbAsyncInit = function () {\n            FB.init({\n                status: true,\n                cookie: true,\n                xfbml: true\n            });\n        };\n        (function (d) {\n            var js, id = 'facebook-jssdk'; if (d.getElementById(id)) { return; }\n            js = d.createElement('script'); js.id = id; js.async = true;\n            js.src = \"https:\/\/connect.facebook.net\/en_US\/all.js\";\n            d.getElementsByTagName('head')[0].appendChild(js);\n        }(document));\n    <\/script><br \/>\n<br \/>\n<br \/>Gold Settles Lower Amid Escalation Of Israel-Iran Conflict<\/a><br \/>\n<br \/>2025-06-17 18:13:51<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gold prices dropped on Tuesday even as signs of the Israel-Iran conflict cooling off seem nowhere in the radar and an exchange of attacks continuing without a retreat. Front Month&#8230;<\/p>\n","protected":false},"author":2,"featured_media":60956,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[28],"tags":[],"class_list":["post-60955","post","type-post","status-publish","format-standard","has-post-thumbnail","category-us-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/60955","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=60955"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/60955\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/60956"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=60955"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=60955"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=60955"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}