Gold Plummets As U.S.-Iran Standoff, Closure Of Strait Of Hormuz Continue

Extending the losses from yesterday’s session, gold prices have plunged on Friday as the Strait of Hormuz blockade is more likely to continue since the U.S.-China summit ended with no announcement on a possible Chinese intervention to end the gulf war.Front Month Comex Gold for June month delivery has plummeted by $125.30 (or 2.67%) to $4,560.00 per troy ounce.Front Month Comex Silver for June mon…