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2026-04-06 06:27:32
[Trump Escalates Threats Against Iran, Non-Farm Payrolls Impact, Gold Prices Decline] 1. US President Trump again threatened to destroy Iranian power plants, while Tehran showed little sign of accepting the US demands to end the war. International oil prices continued to climb, exacerbating inflation concerns and dampening expectations of a Federal Reserve rate cut, thus pressuring gold prices. Gold fell as much as 1.33% to $4614.03 per ounce in early trading, after a sharp drop of 1.7% in the previous session. 2. Trump posted on social media over the weekend that if Iran does not open the Strait of Hormuz, the US will send Iran "to hell." Tehran rejected this ultimatum and continued to attack energy infrastructure in the region. 3. In addition, the strong US non-farm payrolls report released last Friday also dampened expectations of a Federal Reserve rate cut this year, helping the dollar index to continue to rise. The gold market was closed on Friday for Good Friday, and the market digested the impact of the non-farm payrolls report after opening on Monday, which was also one of the reasons for the decline in gold prices on Monday.
