Gold prices fall as Trump gives no clarity on ending Iran war
Sri Lanka, April 2 -- Gold prices reversed course to slip more than 1% on Thursday, snapping a four-day winning streak, after U.S. President Donald Trump said the United States would continue the war in Iran over the coming weeks.
Spot gold fell 1.3% at $4,694.48 per ounce by 0202 GMT, while U.S. gold futures slid 1.9% to $4,723.70. Prices were up over 1% at their highest levels since March 19 before Trump's remarks.
The United States would strike Iran "extremely hard" over the next two to three weeks and push it back into the "Stone Ages," Trump told the nation in a televised speech, adding that U.S. strategic objectives in the conflict were close to being fulfilled.
"Gold is pulling back after two superb days, as President Tru...
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