emirates7 - Gold prices fell by 3% on Monday after US President Donald Trump announced the reimposition of a naval blockade on Iran, leading to a rebound in oil markets.
Gold dropped by about 3% in recent trading sessions, slipping below the key $4,000 per ounce mark, the lowest since 1st July.
US gold futures for August delivery fell 2.6% to $4005.7.
As for other precious metals, silver dropped 3.8% to $57.55 per ounce, platinum declined 1.7% to $1,599.47, and palladium fell 2.1% to $1,249.70.
Gold dropped by about 3% in recent trading sessions, slipping below the key $4,000 per ounce mark, the lowest since 1st July.
US gold futures for August delivery fell 2.6% to $4005.7.
As for other precious metals, silver dropped 3.8% to $57.55 per ounce, platinum declined 1.7% to $1,599.47, and palladium fell 2.1% to $1,249.70.
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