Gold is trading 1.5% down at $3980.60 as investors rotate out of safe-haven assets and into equities following improved Middle East ceasefire headlines and a strong U.S. risk-on rally.
- Geopolitical risk premia are fading as hopes for sustained peace talks and solid economic momentum support major indices and risk assets.
- The downward move follows a roughly 0.6% drop on Monday, signaling a continued retreat from recent safe-haven levels.