How Trump's Iran Statement Affected Gold Prices

Following US President Donald Trump's announcement that the temporary agreement to end the war with Iran is no longer valid, gold prices fell on Thursday due to renewed inflation and interest rate concerns. Spot gold lost 0.3% in value, falling to $4,066.24 per ounce. The precious metal, which tested its lowest level since July 1 on Wednesday, also fell 0.1% to $4,077 in August gold futures contracts in the US.