Potential Iran War Drive Gold And Silver Lower

GOLD

Early this morning, in overseas trading, Gold stayed above $4,300 per ounce in China and India. But when Gold moved to London, and Israeli missiles were flying over Iran, the Gold price dropped to $4,269 per ounce. With the concern that the Iranian war has been going on for a while, and it’s a good bet that the Federal Reserve will raise interest rates at the next meeting, the Gold price could stay under $4,500 for a while.

At 11am PT today, Gold is trading at $4,339 per ounce, down $5 on excellent volume.

SILVER

Silver reached a new 2026 low of $66.09 is morning before seeing a small rally as Gold moved higher. Silver needs to move back above $70 this week to stay bullish.

At 11am PT today, Silver is up $0.50 per ounce, trading at $68.40 per ounce, on excellent volume.