Gold prices fall as Iran ceasefire hopes reduce safe-haven demand

Gold prices fell after a sharp recent rise as investors watched for signs of progress in efforts to secure a ceasefire in the Iran war, while other metals also weakened amid broader concerns about the global economy. The move came as markets reacted to comments from U.S. President Donald Trump suggesting there may be movement toward a peace deal with Iran, but traders appeared reluctant to fully commit to the idea until there is clearer confirmation.