Gold rises as Trump rejects Iran deal, war risks increase
Gold (XAU/USD) price advances modestly by 0.30% on Monday as the Iran-US conflict resolution stalls following Tehran’s proposal, which was disregarded by US President Donald Trump, who said that it was “totally unacceptable.” At the time of writing, XAU/USD trades at $4,726 after bouncing off daily
Given the increased geopolitical tensions and Trump's rejection of the Iran deal, gold prices are likely to continue rising as investors seek safe-haven assets. Expect further upward movement in XAU/USD in the short term.
Gold (XAU/USD) price advances modestly by 0.30% on Monday as the Iran-US conflict resolution stalls following Tehran’s proposal, which was disregarded by US President Donald Trump, who said that it was “totally unacceptable.” At the time of writing, XAU/USD trades at $4,726 after bouncing off daily
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