Commodities
US-Iran Tensions Weigh on Gold, Silver Prices
On the New York COMEX commodity exchange, gold and silver prices declined due to uncertainty surrounding the US-Iran truce. The price of one troy ounce of gold dropped by an undisclosed amount. Meanwhile, the price of one troy ounce of silver also fell.
The market's reaction is a result of the ongoing tensions between the US and Iran, which has created uncertainty among investors. This uncertainty has led to a decrease in demand for precious metals, causing prices to drop.