Gold Prices Drop Below $3950 per Ounce

Gold prices fell below $3950 per ounce on Tuesday after recording their largest daily gain in two months the previous day. This decline came amid geopolitical tensions and growing concerns over a possible resurgence of conflict following the U.S. strike on Iran's Qeshm Island last night. Gold failed to hold the $3950 level, dropping to around $3925 per ounce. Optimism about progress in peace talks between the United States and Iran had driven a significant rise in gold prices on Monday.