Gold prices declined sharply as the United States initiated a naval blockade of the Strait of Hormuz. The move follows the collapse of diplomatic negotiations between Washington and Tehran.
- President Trump ordered a naval blockade of the Strait of Hormuz
- Action follows the collapse of peace talks with Iran
- Gold prices tumbled despite the geopolitical escalation
- Global energy supply chains face immediate systemic risk
- Market volatility expected to spike across energy and safe-haven assets
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