Gold Fails to Capitalize on Safe-Haven Demand After Iran Strikes

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Gold Fails to Capitalize on Safe-Haven Demand After Iran StrikesDow, Oil Edging Up as Global Markets Await Iran Response to U.S. AttacksLast Updated:1 hour agoGold Fails to Capitalize on Safe-Haven Demand After Iran StrikesByJoseph Hoppe, Dow Jones NewswiresGold futures were falling on a stronger dollar, slipping 0.4% to $3,371.10 a troy ounce, despite initially climbing as high as $3,414.80/oz earlier in the session.The precious metal has uncharacteristically failed to capitalize on safe-haven demand after the U.S. joined Israel in striking Iran's nuclear facilities over the weekend.Markets are having a muted reaction to the weekend attacks and appear to be waiting to see what Iran will do next, Peak Trading analysts said in a note.