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macroJun 12, 2026, 10:30 AM

Gold Slides Nearly 3% Weekly, Breaks Below 200-Day MA

Gold fell close to 3% week-over-week, trading below its 200-day moving average despite a halt in airstrikes on Iran. Prices are now roughly 20% lower than their level at the start of the conflict.

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Metals continued to slide this week, with gold dropping nearly 3% week-over-week. The precious metal is now trading below its 200-day moving average, a bearish technical signal.

The decline persists despite the latest round of airstrikes on Iran being called off. Gold is currently priced around 20% lower than where it was trading when the conflict began.

Source: FXStreet Forex News