Gold prices see lowest level since October 2025

Gold prices saw the lowest level sicne October 2025 following Trump's comments on Iran deal cause concerns.

Gold prices dropped more than 2.9% to around $3,870 an ounce on Thursday with expectations of further monetary tightening by the Fed and rising oil prices.

On Thursday President Donald Trump said the US does not need a deal with Iran and redirected Vice President JD Vance towards domestic priorities, away from negotiations with Tehran.

Silver prices also dropped by 3.2% to $50 per ounce.

Energy commodities, meanwhile, soared as Brent futures increased by 1.9% to around $95 a barrel and EU gas index jumped by 8.3%.