Gold fell the most in more than five weeks as Israel and Iran appeared to be honoring a ceasefire agreement, reducing demand for the metal as a haven asset. The truce between Israel and Iran was announced, but both sides breached the agreement, and now the deal appears to be back on, with Israel agreeing to hold off on further strikes. Gold’s decline was also influenced by US economic data, including a decline in consumer confidence, and comments from Fed Chair Powell on interest rates.