Gold Prices Decline as U.S.-Iran Tensions Escalate Ahead of Strait of Hormuz Deadline
Gold prices fell slightly on April 6, 2026, as investors monitored the escalating U.S.-Iran tensions. The decline comes ahead of a critical deadline for reopening the Strait of Hormuz, a strategic waterway. Spot gold decreased by 0.4% to $4,654.99 per ounce, while U.S. gold futures rose slightly. The conflict between the U.S. and Iran, ongoing for five weeks, has led to increased geopolitical risks. President Trump has issued a stern warning to Iran, threatening severe consequences if a deal is not reached by the deadline. The situation has also influenced oil prices, which have risen sharply since the conflict began. 
