Gold prices plunged after U.S. President Donald Trump warned of plans to hit Iran "extremely hard" over coming weeks, triggering a surge in the U.S. dollar and U.S. bond yields. The move pushed investors into dollar and yield assets, increasing market volatility and creating downside pressure on gold as a near-term safe-haven trade.
Gold prices plunged after U.S. President Donald Trump warned of plans to hit Iran "extremely hard" over coming weeks, triggering a surge in the U.S. dollar and U.S. bond yields. The move pushed investors into dollar and yield assets, increasing market volatility and creating downside pressure on gold as a near-term safe-haven trade.
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moderately negative
Sentiment Score
-0.30
