Adding to two previous sessions of losses, gold prices have slumped on Monday after the U.S. and Iran suddenly renewed strikes against each other, ending a month-long hiatus, which rekindled concerns of a widespread war in the gulf. In addition, investors continued to analyze the prospects of a high-interest-rate regime in the U.S. in the near term.
Front Month Comex Gold for October month delivery has sharply declined by $45.20 (or 1.01%) to $4,449.50 per troy ounce.
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Market Analysis
Gold Tumbles Amid Gulf Re-escalation, Possibility Of U.S. Rate Hike
2026-08-31 17:42:42
