Gold prices dropped more than 2% to a one-week low on Monday as worries over a wider Middle East conflict subsided, prompting investors to scale back safe-haven trades in favour of riskier assets like equities.
Silver prices (XAG/USD) continued their decline, hovering around $27.03 and reaching an intra-day low of $26.78. This downward trend is largely due to diminishing geopolitical tensions in the Middle East,