Quantum News
Sign InSign Up
Back to News
investment

Gold Steadies as Traders Weigh Trump’s Deadline to Strike Iran

Yihui Xie
Loading...
1 min read
0 likes
⚡ Quantum Brief
Gold prices stabilized after a two-day drop, trading near $4,660 per ounce as traders assessed geopolitical risks tied to escalating U.S.-Iran tensions. President Trump issued an ultimatum to Iran, threatening strikes on infrastructure—including power plants and bridges—by 8 p.m. ET Tuesday if no deal is reached, intensifying market uncertainty. The conflict has already disrupted global fuel supplies, driving inflation concerns and economic growth fears, prompting investors to monitor gold as a traditional safe-haven asset. Bullion had lost over 2% in prior sessions, reflecting volatility as traders balance war risks against potential economic fallout from prolonged hostilities. Analysts warn prolonged instability could further strain energy markets, deepening inflationary pressures and reshaping commodity trading strategies worldwide.
AI Audio Summary
0:00 / 0:00
Click to play
Gemini_Generated_Image_ik14kvik14kvik14.png
Quantum News · Media Library

Understand this faster with AI

ChatGPTAsk ChatGPTPerplexityResearch with PerplexityClaudeExplain with ClaudeGrokDiscuss on Grok

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000A one-kilogram, right, and 500-gram gold bar displayed at an ABC Bullion store in Sydney, Australia.Gold steadied after a two-day decline, as traders weighed US President Donald Trump’s latest threat to destroy Iranian infrastructure and the impact of a protracted war on inflation and economic growth.Bullion was near $4,660 an ounce in early trading, having lost more than 2% over the previous two sessions. Trump set a deadline of 8 p.m.

Eastern Time Tuesday to reach a deal with Tehran or begin attacking power plants and bridges, raising the stakes in a conflict that’s caused a global fuel squeeze and stoked inflation fears.

Read Original

Source Information

Source: Bloomberg

Discussion

0 professional contributions

Sign in to join this professional discussion.

Be the first to add a constructive contribution.