Gold prices decline amid investor caution ahead of Trump’s deadline for Iran

Gold prices fell slightly today, as investors maintained their caution ahead of the deadline set by US President Donald Trump for Iran to reopen the Strait of Hormuz.

Gold in spot transactions fell 0.2 percent to $4,638.30 per ounce by 05:39 GMT, while US gold futures for June delivery fell 0.4 percent to $4,664.

“Everyone is in a state of anticipation to see what the outcome of these sharp statements made by the (US) president over the past few days will be,” said Ilya Spivak, head of global macroeconomics at Tasty Live, a platform for trading financial derivatives.