Trump caused gold prices to plummet with his statements about war
Global markets are seeing a moderate decline in the price of gold amid tense anticipation of the expiration of the deadline set by U.S. President Donald Trump for Iran.
The American leader is demanding the immediate reopening of the strategically important Strait of Hormuz, threatening a large-scale military response.
As of 11:02 a.m. Kyiv time, June gold futures on the Comex exchange were down 0.2%.
Currently, the price per ounce of the precious metal stands at $4,675, reflecting investor caution.
Along with gold, silver futures are also falling, losing 0.4% in value and dropping to $72.555 per ounce.
Meanwhile, the platinum market remains relatively stable, hovering near $1,977 per ounce.
As a reminder, the Bank of France received nearly €13 billion after repatriating gold from the U.S.
Gold prices also fell below $4,500 per ounce for the first time since February.
