New Delhi, Aug. 14 -- The price of the yellow metal in India's retail market declined on Friday, 14 August, after US Treasury Secretary Scott Bessent claimed that the US will use 'never-before-seen' economic measures against Iran.

Bessent said in an interview with Newsmax, without elaborating further, "It will be a combination of economic isolation like ‌the world has ​never seen before, ​and ​the continued blockade in ‌the Strait of ​Hormuz that will ​keep anything from going in or out of ​the ‌Iranian ports," as reported by CNBC US.

Furthermore, the ongoing dispute between the US and Iran risks bringing the G7's fastest-growing economy, the United Kingdom, to a halt, with official ...