Gold Prices Crash: Iran War 'Fear Premium' Ends, Historic Plunge to $5,074
Gold Prices Crash: Iran War 'Fear Premium' Ends, Historic Plunge to $5,074
- •Gold plunged from $5,419 to $5,074 as Middle East 'fear premium' subsided.
- •Stronger US Dollar Index (99.16) and rising Treasury yields (4.10%) pressured gold.
- •Fed rate cut postponed to September 2026; June rate hold probability rose to 53.5%.
- •Persistent inflation fears (ISM Manufacturing 'Prices Paid' at 70.5) also contributed to the fall.
- •Market seeks new stable level between $5,000-$5,100 after a major rally.