Spot gold fell below the $4,000-per-ounce mark for the first time since July 1, according to Gate data. The metal continued to move lower during the session, with intraday losses exceeding 2.8%. The move came after U.S. President Donald Trump said he would restart the blockade on Iran. Separately, Federal Reserve Governor Christopher Waller said higher interest rates may be needed in the near term. The report did not provide more detail beyond those remarks and the price move. Odaily published the update as a short market newsflash.
Spot gold extended its decline and fell below the $4,000-per-ounce level for the first time since July 1, according to Gate data. Intraday losses were more than 2.8%.
Earlier, U.S. President Donald Trump announced that he would restart the blockade on Iran. Federal Reserve Governor Christopher Waller also said higher interest rates may be needed in the short term.
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