Gold prices drop sharply despite weekly gains as Trump vows continued Iran strikes
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Gold prices fell significantly following Donald Trump's announcement that he would continue attacks on Iran. Despite the sharp decline, gold is expected to maintain overall weekly gains. The precious metal's volatility reflects market uncertainty over escalating Middle East tensions, as investors typically view gold as a safe-haven asset during geopolitical crises. Trump's commitment to ongoing military action against Iran has created mixed signals in commodity markets, with gold experiencing both flight-to-safety buying and profit-taking by traders.