Gold prices fall amid risk appetite decline following Trump's speech

MaticHoleFiller · 2026-04-11T18:17:55+00:00

ANZ Bank strategist Hynes pointed out that Trump's speech made market expectations of Iran conflict uncertain, leading to a decline in risk appetite and a 1.7% drop in gold prices to $4,677.48 per ounce. Although safe-haven sentiment affected gold, market focus is gradually shifting to economic prospects, which may support gold prices in the future.

MaticHoleFiller

2026-04-11 18:17:55

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ANZ Senior Commodities Strategist Daniel Hynes stated that hopes for clear guidance on how the Iran conflict will end were dashed after Trump’s speech. “This has led to a hit on risk appetite,” he said. Under safe-haven sentiment, gold is declining because investors are worried that rising oil prices will push up inflation, potentially reducing the number of rate cuts or even leading to rate hikes. “While gold may still be influenced by the level of market risk appetite, I do feel that the market focus is beginning to shift from monetary policy outcomes to the outlook for the economic environment,” Hynes said. He added that this should ultimately support gold. Spot gold fell 1.7%, trading at $4,677.48 per ounce.

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