Strikes continue in Iran despite Trump announcing pause on attacks
Gold prices have fallen to their lowest in 2026 despite President Trump's announcement of a pause on military strikes against Iran. The conflict has raised fears of inflation and higher interest rates, causing investors to sell off precious metals like gold and silver.
Gold futures fell to $4,126 an ounce on Monday, their lowest price in 2026. This decline occurred despite President Trump's announcement of a five-day pause on military strikes against Iran. The pause was announced after productive talks, but investors remain concerned about the conflict's impact on interest rates. The Federal Reserve has kept interest rates unchanged, forecasting only one rate cut in 2026. As a result, markets have dropped the odds of a rate cut next month to zero. Oil prices also fell below $100 a barrel after the pause was announced. However, significant attacks on Middle East energy infrastructure could keep oil and gas prices higher for longer.
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