Gold price has fallen for three consecutive days before the United States launched a new round of attacks on Iran.

After the United States launched a new round of attacks on Iran, the price of gold fell for the third consecutive trading day, threatening to continue the war that has already caused global market turmoil and raised inflation. The price of gold briefly fell 1.2% to around $4,024 per ounce, continuing the 4.4% drop on Wednesday, before narrowing the decline in volatile trading. Prior to this, U.S. President Donald Trump accused Iran of delaying negotiations for a temporary peace agreement, and the U.S. military subsequently launched missiles at "multiple" targets within Iran. In response, Tehran closed the Strait of Hormuz and banned all ships from passing through.