US-Iran Conflict Escalates, Gold Futures Plummet Amid Global Economic Fears
The ongoing US-Iran conflict continues to escalate, sparking concerns about global oil supply disruptions and economic instability. As tensions rise, gold futures have fallen sharply, with some analysts predicting further declines.
US President Donald Trump has repeatedly threatened military action against Iran's Kharg Island, a major oil export hub. Meanwhile, US Treasury Secretary Scott Bessent announced plans to unveil new secondary sanctions on Iranian entities, which could cut them off from the dollar-based financial system.
The conflict has already taken a significant economic toll on both countries, with Iran's economy severely impacted by trade restrictions and military strikes. Despite this, the regime remains defiant, with its hardline Islamic Revolutionary Guard Corps threatening to use new types of weapons if fighting resumes.