Gold prices continue to fall for the third consecutive session as investors react to improved geopolitical tensions. The decline follows positive developments in U.S.-Iran negotiations held in Doha and the resumption of shipping traffic through the Strait of Hormuz. These factors have reduced concerns over supply disruptions, leading to a shift away from safe-haven assets like gold. Meanwhile, oil prices show modest gains, reflecting renewed confidence in global energy markets.
The broader financial landscape highlights significant activity, with the S&P 500 posting its best quarterly performance since 2020. Additional news includes the U.S. lifting restrictions on Anthropic’s Fable 5 AI project and a financial disclosure revealing Donald Trump earned more than $1.5 billion from cryptocurrency investments in the past year. Legal updates also feature prominently, including the Supreme Court’s affirmation of birthright citizenship and a major win for Susquehanna in a recent court case.