Gold drops by about 3%

CAPITALS, (UrduPoint / Pakistan Point News / WAM - 14th Jul, 2026) Gold prices fell by 3% on Monday after US President Donald Trump announced the reimposition of a naval blockade on Iran, leading to a rebound in oil markets.

Gold dropped by about 3% in recent trading sessions, slipping below the key $4,000 per ounce mark, the lowest since 1st July.

<?php /*?> <?php */?>

As for other precious metals, silver dropped 3.8% to $57.55 per ounce, platinum declined 1.7% to $1,599.47, and palladium fell 2.1% to $1,249.70.