Gold prices fell on Tuesday to their lowest levels in more than two weeks as fears of a wider conflict in the Middle East receded, boosting investors' appetite for risk and reducing demand for gold as a safe haven.
Spot gold fell about 1 percent to $2,304.99 an ounce. U.S. gold futures fell 1.2 percent to $2,318.80 an ounce.
Gold fell more than 2 percent in the previous session, the biggest intraday drop in more than a year after Iran said it did not plan to retaliate following an Israeli drone attack on the city of Isfahan.
Source (Al-Arabiya.net Website, Edited)
