Gold prices (XAU/USD) experienced a drop to around $3,320 during the European trading session as safe-haven assets took a hit following the announcement of a ceasefire between Israel and Iran. The market’s reaction underscores the volatility surrounding geopolitical developments and their effect on investment behaviors. As traders adapt to the shifting dynamics, understanding the factors influencing gold prices will be crucial moving forward. How will this market volatility impact gold in the future?