U.S. Spending Surpasses $37.5 Billion
U.S. Secretary of Defense Pete Hegseth told the Senate that the conflict with Iran has already cost the United States approximately USD 37.5 billion. He is also seeking an additional USD 87.6 billion in emergency funding to restore and strengthen the U.S. military’s operational capabilities.
Meanwhile, Donald Trump stated that he currently has “no interest” in negotiating with Iran until the country is prepared to engage in serious talks. The number of U.S. military personnel killed in the conflict has reportedly risen to 17.
📊 Impact on Gold Prices
The prolonged conflict continues to support demand for gold as a safe-haven asset.
Should tensions escalate further, oil prices could rise, intensifying inflationary pressures and potentially providing additional support for gold prices.
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