President Trump Issues Ultimatum to Iran Amid Rising Tensions
President Trump has issued a stark warning to Iran, demanding the reopening of the Strait of Hormuz by the end of Tuesday. The ultimatum comes amid intensified strikes on Iran, with the U.S. president stating that 'a whole civilization will die tonight' unless Tehran reaches a last-minute deal. The geopolitical tension has impacted gold prices, which have drifted higher as traders await the outcome of the deadline. Spot gold was up 0.8% at $4,684.59 per ounce, while U.S. gold futures remained unchanged. Analysts suggest that gold traders are more focused on potential central bank interest rate decisions than geopolitical events, as major economies holding off on lowering rates could mean less demand for gold. 
