House Vote Curbs Trump War Powers, Gold Holds Near $4,470

On June 5, the House passed a 215-208 resolution limiting President Trump’s war powers, injecting political uncertainty that could reduce safe-haven buying for gold. The vote follows a fragile June 4 US-brokered Israel-Lebanon ceasefire and Trump’s claim of final Iran negotiations, which initially lifted spot gold 1% to $4,475. With the Strait of Hormuz still closed and Fed decisions looming, gold futures now trade near the $4,470 technical zone as mixed geopolitical and policy signals offset each other ahead of nonfarm payrolls.