Gold Jumps 2% as Trump Plans Iran War Address Tonight
The White House says the address will restate Trump’s intention to end the war within the next three weeks.
SEATTLE (Scrap Monster): The gold price Iran war dynamic came into sharp focus Wednesday, with gold climbing roughly 2% as ceasefire signals emerged ahead of Trump’s prime-time address. The move reflects renewed safe-haven demand — and reinforces gold’s role as a portfolio stabilizer when confidence wavers.
Silver, by contrast, was largely flat — up just 0.1% on the day. The muted move highlights a growing divergence between the two metals, with silver’s heavier industrial exposure keeping it more tethered to economic expectations than gold.
Tonight at 9 p.m. ET, Trump delivers his first prime-time address since Operation Epic Fury began 33 days ago, and markets spent the day positioning around what he might say. Trump claimed earlier Wednesday that Iran’s president had asked for a ceasefire — a claim Iran’s foreign minister called “false and baseless.” Houston Public Media
The White House says the address will restate Trump’s intention to end the war within the next three weeks. Meanwhile, the average U.S. gas price hit $4 a gallon for the first time since 2022 CNN, adding domestic pressure to find an exit.
Trump also said he is strongly considering pulling the U.S. out of NATO after key allies declined to join the war or help police the Strait of Hormuz NBC News — a wildcard that could rattle markets in its own right. For gold investors, tonight’s speech is the most important market event of the week.
Courtesy: www.goldsilver.com