Gold prices drop sharply amid Trump's threats against Iran

11:13 - 2.04.2026


April 2, Fineko/abc.az. Gold quotes at world stock exchanges have gone down sharply on Thursday morning amid Trump's statement promising tough action against Iran. This caused an outflow of investors from the precious metal to more reliable assets.

ABC.AZ reports that by 9:14 a.m. on Baku time, June’s gold futures fell 2.4%, or $115.65, to $4,697.45 per troy ounce at the New York Comex Exchange. Silver fell even more: the May contract fell by 5.56% to $71.845 per ounce.

At the same time, the yield on 10-year US Treasury bonds increased from 4.32% to 4.381%. These securities are considered classic defensive assets, and their growth often leads to a decrease in interest in gold.

The day before, Donald Trump said that in the next two to three weeks, the U.S. would launch powerful strikes against Iran that would "throw the country back into the Stone Age".