Gold Stumbles as Iran War Escalation Looms
The prices of gold and silver edged lower at the start of the week, though both metals retained most of the strong gains recorded over Easter Week. The pullback comes amid rising geopolitical tension, as President Donald Trump signaled a potential military escalation against Iran unless Tehran complies with demands to reopen the Strait of Hormuz by a newly set deadline. A ceasefire was agreed just before the deadline passed, but sporadic strikes are threatening to trigger renewed fighting and an escalation of the conflict. In a recent post on social media, the American president issued a threat that the U.S. military would attack various infrastructure, not limited to power plants and bridges,…
