Gold falls as Trump threatens escalation of US attacks on Iran
Bullion’s haven appeal has also been dimmed by the need for investors to liquidate their positions and cover losses elsewhere
Published Mon, Apr 6, 2026 · 06:55 AM
GOLD fell, after US President Donald Trump renewed threats to destroy Iran’s power plants and Teheran showed little sign of accepting American demands to end the war in the Middle East.
Bullion slipped as much as 1.3 per cent in early trading, having declined 1.7 per cent in the previous session. In a social-media post over the weekend, Trump said that he would bring “Hell” to Iran if it did not open the Strait of Hormuz, while Teheran rejected the ultimatum and kept up strikes on energy infrastructure in the region.
Gold has fallen since the conflict began more than a month ago, as spiking energy prices have stoked fears of inflation and reduced the prospects for interest-rate cuts. Bullion’s haven appeal has also been dimmed by the need for investors to liquidate their positions and cover losses elsewhere.
Spot gold fell 1 per cent to US$4,630.08 an ounce at 6.14 am Singapore time. Silver dropped 1.4 per cent to US$72.04. Platinum and palladium also declined. The Bloomberg Dollar Spot Index, a gauge of the US currency, ended the previous session up 0.3 per cent. BLOOMBERG
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
