Gold shows little resemblance to its safe haven status during the ongoing stock market turmoil as it trades 13% below YTD high. The precious metal is erasing Monday’s bounce today and trades back below the $1,500 mark. Low from yesterday at $1,451.50 is the key level to watch.
Gold resumed its downward move after yesterday’s bounce. Precious metal broke below $1,500 handle today and continues to drop. Source: xStation5
Gold slumps 2.5% as Trump vows the escalation in the Middle East
Chart of the day: OIL rebounds sharply on Trump's Iran speech 🛢️ 📈 US will abandon Hormuz❓(02.04.2026)
Morning Wrap: Trump want to send Iran "back to the Stone Age". Indices tumble (02.04.2026)
Daily Summary - Markets Await Trump's Address