The gold price moved down this week, taking a turn toward the end of the period that took it below US$4,550 per ounce.

Its sister metal silver followed a similar trend, although at one point it briefly approached the US$89 per ounce mark.

Precious metals continue to react to the Iran war, which is developing quickly. Iran rejected the latest peace proposal from the US last weekend, with President Donald Trump calling the country’s counter-proposal “totally unacceptable.”

Tensions between the two nations have since escalated further, and a vote in the House of Representatives shows that opposition to the conflict is growing in the US — a resolution calling for the end of American involvement failed, but was the closest vote yet on the…