Gold Futures Fall 0.71% on July 10 as Trump Ends Iran Ceasefire

XAU-0.14%
According to CME COMEX, gold futures for August delivery fell 0.71% to $4,111.20 per troy ounce on July 10 (U.S. Eastern Time) following U.S. President Donald Trump's declaration that a ceasefire with Iran has ended. Trump stated on Truth Social that while Iran had requested negotiations, the U.S. made clear "without any misunderstanding" that the ceasefire is over. The announcement triggered a rise in U.S. Treasury yields, which pressured gold prices lower. Gold, which pays no interest, loses relative appeal in higher-rate environments.
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