Gold Prices Slide Over 1% as Ceasefire Triggers Risk-On Sentiment

Gold prices declined sharply in Asian trade on Tuesday, as investors shifted away from safe-haven assets following U.S. President Donald Trump’s announcement of a full ceasefire between Israel and Iran. The news marked a potential de-escalation of the 12-day Middle Eastern conflict that had roiled markets last week.

Price Snapshot:

• Spot Gold fell 1.1% to $3,332.57/oz, its lowest level since June 11

• Gold Futures (August) dropped 1.4% to $3,346.02/oz

What Triggered the Drop?

President Trump declared on Truth Social:

“THE CEASEFIRE IS NOW IN EFFECT. PLEASE DO NOT VIOLATE IT!”

Despite late reports of explosions near Tel Aviv and Beersheba, Iranian officials reportedly confirmed the truce, warning that it hinges on Israel halting further military operations.

Market Reaction:

• U.S. stock index futures rose on hopes of reduced geopolitical tension

• Oil prices dropped over 3%, easing energy supply disruption fears

• Investors rotated capital out of gold and into riskier assets, seeking upside amid stabilization

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This API provides real-time and historical commodity price data—crucial for analyzing gold's response to macro events like wars, ceasefires, and inflation shifts.

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This includes inflation prints, Fed commentary, and dollar movements—essential inputs for anticipating gold’s direction.