Why are gold and silver prices down, and will gold drop to $4,500 and silver slip to $70? Analysts insights, market outlook and what should investors do now

The United States announced a blockade around Iranian ports and coastal areas after talks failed to stop the war with Iran; Iran’s Revolutionary Guards warned that military vessels approaching the Strait of Hormuz would be treated as a breach of the ceasefire Perigon signal context: impact negative, driver geopolitical.