Gold falls from a six and a half year high

Gold prices in European trading continued to fall from their six-and-a-half-year high of $ 1,611.27 a troy ounce mid-week on Thursday morning, and have so far been at a low of $ 1,540.10 an ounce.

The risk aversion in the markets has decreased again and in addition to gold, other values ​​known as “safe haven” such as the Swiss franc and the Japanese yen are now less in demand again.

The trigger is the cautious relaxation in the conflict between the United States and Iran. Vice President Mike Pence assumes that Iran is banking on de-escalation. Earlier, President Donald Trump’s announcement that sanctions would be imposed on Iran instead of renewed military response had given markets hope that the conflict would not escalate further.