BIST10014.189,96▼ 0.00%Traffic in the Strait of Hormuz Comes to a Halt: Impact on Energy MarketsUSD/TRY47.1378▲ 0.20%VİOP Index Contract Turns Positive: New Direction for MarketsEUR/TRY53.7850▲ 0.30%Bond Markets Rattled by Iran TensionsBTC/USD$62,850.97▲ 0.23%Rising Geopolitical Tensions in Global Markets: Impact on Energy and EconomyGOLD6.213,24▲ 0.15%M&S Makes a Splash at LFW: Can it Revive its Fashion Cred?BRENT$77.77▼ 0.00%Ticaret Bakanı Ömer Bolat: Türkiye'nin Ekonomik Diplomasisi Kararlılıkla İlerliyor Russia's Export Ban Sends Diesel Prices to Four-Year HighBIST10014.189,96▼ 0.00%Traffic in the Strait of Hormuz Comes to a Halt: Impact on Energy MarketsUSD/TRY47.1378▲ 0.20%VİOP Index Contract Turns Positive: New Direction for MarketsEUR/TRY53.7850▲ 0.30%Bond Markets Rattled by Iran TensionsBTC/USD$62,850.97▲ 0.23%Rising Geopolitical Tensions in Global Markets: Impact on Energy and EconomyGOLD6.213,24▲ 0.15%M&S Makes a Splash at LFW: Can it Revive its Fashion Cred?BRENT$77.77▼ 0.00%Ticaret Bakanı Ömer Bolat: Türkiye'nin Ekonomik Diplomasisi Kararlılıkla İlerliyor Russia's Export Ban Sends Diesel Prices to Four-Year High

ECONOMY

How Trump's Iran Statement Affected Gold Prices

Zeynep Kaya

•July 9, 2026 at 07:41 AM

How Trump's Iran Statement Affected Gold Prices

Following US President Donald Trump's announcement that the temporary agreement to end the war with Iran is no longer valid, gold prices fell on Thursday due to renewed inflation and interest rate concerns. Spot gold lost 0.3% in value, falling to $4,066.24 per ounce. The precious metal, which tested its lowest level since July 1 on Wednesday, also fell 0.1% to $4,077 in August gold futures contracts in the US.