London — Gold prices fell on Wednesday as a robust dollar and rising bond yields overwhelmed any geopolitical worries after the US withdrew from the Iranian nuclear accord. Dismayed European allies sought to salvage the international nuclear pact with Iran after US President Donald Trump pulled the US out of the landmark accord. "The fact that the cat is out of the bag and we have the announcement [on Iran] has removed some of the geopolitical support for gold," said Ole Hansen, head of commodity strategy at Saxo Bank in Copenhagen. During times of political or economic uncertainty, gold prices often receive a boost as the metal is widely considered a safe-haven asset alongside the dollar and the Japanese yen. Also weighing on gold, geopolitical tensions in the Korean peninsula continued to ease as US secretary of state Mike Pompeo arrived in Pyongyang and was expected to return from North Korea with three American detainees. Spot gold was down 0.5% at $1,307.53 an ounce by 9.50am G...
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