Gold breaks $4,400 as U.S.-Iran strikes revive oil inflation risk

Spot gold and silver are sharply lower in early U.S. trading Thursday as a firmer U.S. dollar and renewed U.S.-Iran tensions pressure precious metals. Lower Treasury yields are providing some offsetting support, but the immediate price action is bearish for metals. The move looks notable for commodities markets, though not likely to drive broad market-wide repricing.

Analysis

Spot gold and silver are sharply lower in early U.S. trading Thursday as a firmer U.S. dollar and renewed U.S.-Iran tensions pressure precious metals. Lower Treasury yields are providing some offsetting support, but the immediate price action is bearish for metals. The move looks notable for commodities markets, though not likely to drive broad market-wide repricing.