Iran war signals conflicting, gold prices decline

LootboxPhobia · 2026-04-06T04:25:21+00:00

Gold prices fell 0.7% during Monday's Asian trading session, influenced by Trump's warning to Iran. The market is watching the situation in the Strait of Hormuz, while U.S. employment data showed strong performance. Rising oil prices have heightened inflation concerns, limiting the upside potential for gold prices.

LootboxPhobia

2026-04-06 04:25:21

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Investing.com- Gold prices fell during the Asian trading session on Monday after posting a weekly gain. U.S. President Donald Trump warned that if Iran fails to reopen the Strait of Hormuz before Tuesday, the situation in the Middle East will further escalate.

As of 00:04 Eastern Time (12:04 Beijing Time), spot gold was down 0.7% to $4,644.74 per ounce. Gold futures fell 0.2% to $4,672.75 per ounce.

In the prior week, the price of gold rose 4%, but in the last trading session on Thursday it gave back most of those gains.

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Market focus remains centered on the latest ultimatum from President Trump to Iran, calling for Iran to restore shipping through the Strait of Hormuz before 8:00 PM Eastern Time on Tuesday, or face serious consequences.

Trump further reinforced the warning over the weekend in a post on Truth Social, saying, “Tuesday will be Iran’s power-plant day and bridge day, all in one,” implying that if passage for tankers through this strategic waterway is not restored, Iran’s civilian infrastructure could become a target.

However, Axios reported on Sunday evening that the U.S., Iran, and regional mediators are discussing the terms of a potential 45-day ceasefire agreement, which could ultimately lead to a broader deal to end the war.

The Strait of Hormuz carries about one-fifth of global oil shipments. A supply disruption has driven oil prices up by more than double this year.

Rising oil prices have intensified inflation concerns, limiting gold’s upside as investors increasingly expect U.S. interest rates to stay at elevated levels for longer.

Investors are also assessing the latest U.S. employment data, which was released during the market closure for the Good Friday holiday in many markets and showed labor market resilience stronger than expected.

The U.S. Dollar Index rose 0.1% during the Asian trading session on Monday.

Elsewhere among other precious metals, silver was down 0.6% to $72.58 per ounce, while platinum fell 0.4% to $1,985.60.

This article was translated with the assistance of artificial intelligence. For more information, please see our Terms of Use.

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