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Gold prices slipped below $4,100 per ounce after recording a second straight daily decline. The market remains under pressure as investors react to escalating tensions in the Middle East and growing concerns that disruptions to regional energy supplies could fuel higher inflation.
The United States confirmed another round of military operations targeting Iran, aiming to reduce threats to shipping through the Strait of Hormuz. In response, Iran warned it would launch large-scale retaliatory actions against U.S. military assets across the region, increasing geopolitical uncertainty.
Former U.S. President Donald Trump stated that the ceasefire had effectively ended and warned that further military action and additional sanctions or a blockade could follow if tensions continue to rise.
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