Gold Prices Drop as Trump Signals Harsher Stance on Iran

RunWithRugs · 2026-04-06T00:23:56+00:00

Gold prices fell sharply after President Trump's aggressive stance on Iran led to increased geopolitical tensions, causing a reassessment of safe-haven demand among investors.

RunWithRugs

2026-04-06 00:23:56

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(MENAFN) Gold prices dropped on Thursday, ending a four-day winning streak, after US President Donald Trump indicated a more aggressive military approach toward Iran, according to reports.

Spot gold fell 2.7% to $4,631.25 per ounce as of 0810 GMT, after earlier climbing to $4,800. US gold futures also declined 3.1% to $4,664.15 per ounce.

The drop followed Trump’s remarks that Washington plans to intensify operations against Iran over the next “two to three weeks,” while reaffirming that the US will prevent Tehran from obtaining nuclear weapons. “We’re going to hit them extremely hard over the next two to three weeks,” he said, signaling a shift from earlier comments suggesting US forces could withdraw from Iran within a similar period even without a formal deal.

Other precious metals also suffered steep losses, with silver falling 4.8% to $71.49 per ounce.

Markets remain highly sensitive to changing rhetoric surrounding the Iran conflict, as investors reassess geopolitical risks and safe-haven demand.

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