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Gold and silver prices drop, dragging precious metals miners down amid Middle East tensions.

Market News
07 Apr 2026
Proactive Investors
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Bearish
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Precious metals miners like Endeavour Mining and Fresnillo led declines on the FTSE 100 after gold and silver prices fell following the Easter weekend. Gold dropped from over $4,880 to $4,651 an ounce, and silver fell from $75.5 to $72.6 an ounce. This volatility is linked to ongoing US and Israel strikes on Iran, which have also pushed oil prices higher, with Brent crude near $111 a barrel. Market analysts highlight oil as a key factor driving broader market risk and volatility, especially with escalating threats from Iran against Gulf energy infrastructure. US President Trump set a deadline for potential strikes on Iranian civilian infrastructure, increasing geopolitical uncertainty impacting commodities markets.

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Stocks fall sharply due to legal probes, financing plans, and volatile listings today.

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Akamai officer sells shares amid shift to cloud and cybersecurity growth

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TSMC earnings preview shows strong growth amid AI chip demand surge

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