Gold slipped toward $4,600/oz on Monday, extending losses as geopolitical tensions intensified. Donald Trump issued a sharp ultimatum to Iran, warning of strikes on key infrastructure if the Strait of Hormuz isn’t reopened, with a firm deadline set for Tuesday.
Despite rising conflict in the Middle East, gold has fallen nearly 12%, as surging energy prices boosted inflation fears and reinforced expectations of higher interest rates. Instead of acting as a safe haven, gold is facing pressure from forced liquidations, as traders sell positions to cover losses in other markets.
Volatility remains high gold may stay weak un
less risk sentiment sharply deteriorates again.
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