%{{tag.tag}} {{articledata.title}} {{moment(articledata.cdate)}} @{{articledata.company.replace(" ","")}} comment The prices of precious metals gold and silver are crashing on April 2 with no end insight to the Iran war. Gold's (TVC: $GOLD ) price is down 4% and trading at $4,615.00 U.S. per ounce after U.S. President Donald Trump said America will continue the war with Iran for several more weeks. Silver (TVC: $SILVER ) is faring even worse, with its price down 8% and trading at $69.84 U.S. following Trump's latest remarks on the Middle East conflict. Other metals such as copper and platinum are down between 2% and 4% and falling alongside stocks and cryptocurrencies as a risk-off sentiment grips markets around the world. Gold and silver are also plunging as Brent crude oil surges as much as 10% to trade back near $110 U.S. per barrel. The latest declines for gold and silver come after the metals market suffered an 11% decrease in March, its worst monthly performance since the 2008 financial crisis. While gold and silver normally function as safe haven assets in times of geopolitical turmoil, that is not proving to be the case this time. Analysts say that gold and silver are falling on fears of a resurgence in inflation that could prompt central banks to raise interest rates. Higher interest rates tend to curb gold and silver's attractiveness by increasing the opportunity cost of holding the non‑yielding assets. The current declines for the precious metals are a major reversal from 2025, when gold's price rose more than 60% and silver's price doubled.