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macroJun 9, 2026, 7:14 PM

Gold Tumbles Below $4,250 as Trump Vows Response to Helicopter Strike

Gold (XAU/USD) plunged nearly 2% on Tuesday after US President Donald Trump vowed retaliation for Iran's downing of a US helicopter near the Strait of Hormuz. The metal trades below $4,250, down 1.93% on the day.

XAUUSD

Gold (XAU/USD) suffered a sharp decline of nearly 2% on Tuesday, falling below the $4,250 mark. The drop came after US President Donald Trump announced a response to Iran's downing of an American helicopter near the strategic Strait of Hormuz.

Escalating tensions in the Middle East prompted risk-off sentiment, driving investors toward safe havens like the US dollar, which put pressure on the yellow metal. As of reporting, XAU/USD was down 1.93% and trading below $4,250.

Source: FXStreet Forex News