Trump Rejects Iran Peace Proposal, Gold and Silver Plummet
International precious metals markets experienced sharp volatility on September 28 due to shifts in Middle East geopolitical dynamics. Spot gold plummeted by 1.53% to $4,219.396 per ounce as of press time, while spot silver dropped a steeper 2.64% to $62.561 per ounce.
The sudden decline occurred against a backdrop of waning safe-haven sentiment. According to U.S. sources cited by CCTV News, President Trump stated in an interview on September 27 that he expects negotiations with Iran to continue this week. However, he had rejected the country's proposal to end the war just a day earlier.
Trump claimed that Iran wants a deal but 'not the deal I want,' and accused the nation of overestimating its leverage. When asked if he was considering resuming military strikes against Iran, Trump replied, 'I'm always considering it.'