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Gold Plunges After Trump's Address Hints At A Lengthy War In Gulf

Geopolitics & WarCommodities & Raw MaterialsCommodity FuturesInvestor Sentiment & PositioningMarket Technicals & Flows

Gold prices plunged after U.S. President Donald Trump said the Middle East war "could go on for two to three weeks" during a national address, reducing near-term safe-haven demand. The comment triggered volatile positioning in precious-metals markets and suggests short-term downward pressure on gold.

Analysis

Gold prices plunged after U.S. President Donald Trump said the Middle East war "could go on for two to three weeks" during a national address, reducing near-term safe-haven demand. The comment triggered volatile positioning in precious-metals markets and suggests short-term downward pressure on gold.

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Market Sentiment

Overall Sentiment

mildly negative

Sentiment Score

-0.25