While negotiations are ongoing, both sides (Iran and the United States) are not refraining from military threats. The commander-in-chief of Iran’s army warned that if the enemy "makes a mistake," Tehran may target Israel. These remarks come amid growing concerns about the possibility of a US military strike against Iran. Iranian officials are also preparing for a potential confrontation, including converting underground parking lots into shelters and preparing a mass burial site for the "temporary burial of invading US soldiers." This comes as Iran’s foreign minister emphasized in a social media post that Tehran is ready to accept a "fair and equitable nuclear deal" that ensures "no nuclear weapons" and guarantees the lifting of sanctions.

A reporter from Axios said that negotiations between Iran and the United States, with the mediation of Qatar, Egypt, and Turkey, are ongoing, but no major breakthrough has been achieved so far. The delivery of enriched uranium, zero nuclear activity, recognition of Israel, and ceasing support for proxy groups in the region are the US conditions for negotiations, which directly contradict the Islamic Republic’s red lines. So far, there have been rumors of an agreement on handing over the uranium, but the other conditions remain unclear. Meanwhile, Trump is pressuring Iran through Venezuela's oil.

Trump, in an unexpected move, introduced the most hawkish candidate for the Federal Reserve chairmanship. From the market’s perspective, this was not in line with Trump’s pressure to lower interest rates and caused a sharp decline in gold and precious metals. Warsh, who took office with the promise of a "regime change" in monetary policy and reducing the Fed’s balance sheet, claims that the productivity boom driven by artificial intelligence will curb inflation, but interest rate cuts are likely to be gradual.

Gold and silver fell by 7 percent and 11 percent respectively on the first trading day of the week, and the decline is still ongoing. The price drop began after the unveiling of the new Federal Reserve chair. Mr. Kevin Warsh, who is often associated with hawkish monetary policy views, surprised markets. Morgan Stanley strategists also argue that despite policies aimed at weakening the dollar to support industrial competitiveness, the recent pace of dollar movement has likely been undesirable for the government.