Gold has fallen below the $4,000 an ounce mark as geopolitical risk fades, but South African investors remain focused on the metal’s long term role.

Bullion eased after Washington and Tehran agreed to pause hostilities and restart negotiations, while easing rate-hike concerns offset renewed tensions in the Strait of Hormuz.

Gold has fallen below the $4,000 an ounce mark as geopolitical risk fades, but South African investors remain focused on the metal’s long term role.

Central banks, households and shifting geographical demand shake up precious metal's status quo