India, April 2 -- A televised war briefing from Washington brought precious metals markets to their knees on April 2, 2026. Comex gold snapped a four-day winning streak, MCX silver recorded its steepest single-session fall in recent months, and the US Dollar Index climbed back above the 100 mark, all within hours of President Trump's remarks about the Iran conflict codenamed Operation Epic Fury.

The Catalyst: A War Without an End Date Trump's address on the evening of April 1 carried two messages that markets interpreted as bearish for gold. First, U.S. forces were nearing the completion of their primary strategic objectives in Iran. Second, he pledged to intensify operations over the next two to three weeks to "permanently disable" Iran...