Gold Falls As Iran Conflict Intensifies, Defying Expectations

Guavy AI Editorial Team Published September 2, 2026

Instruments

Oil

Gold's price closed below $4,500 on Monday at $4,481.50, and is now trading near $4,426.

Silver fell even harder than gold, declining at roughly twice its pace.

The US and Iran exchanged strikes for the first time in a month, with oil prices spiking as a result.

Despite this, gold's price dropped more than 1%.

According to Przemyslaw K. Radomski of Gold Trading Alerts, 'the safe-haven bid did not weaken, it left.'

The Wire

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