Doha: Gold prices reversed their course on Thursday, dropping more than 1%, ending a four-day streak of gains, after US President Donald Trump announced that the United States will continue its war against Iran in the coming weeks. Spot Gold dropped 1.3%, to $4694.48 an ounce, and US Gold Futures fell 1.9%, to $4,723.70.
According to Qatar News Agency, other metals also experienced declines. Spot silver fell 2.9% to $72.95, while platinum fell 1.8% to 1,928.26, and palladium dropped 1.4% to 1,451.85. These movements in the metals market reflect the broader uncertainty and market reactions following the geopolitical announcements made by the US administration.