SignalPro
MEDIUM IMPACT FXStreet · May 11, 12:58 AM

Gold slumps below $4,700 on Trump rejection of Iran peace proposal

Gold price (XAU/USD) falls to around $4,690 during the early Asian session on Monday. The precious metal attracts some sellers after US President Donald Trump rejected Iran’s latest peace offer to end the 10-week conflict choking the Strait of Hormuz, fanning inflation fears.

XAUUSD
SIGNALPRO AI · WHAT'S LIKELY TO HAPPEN
BEARISH 75% confidence

Gold prices may continue to decline as market sentiment shifts towards risk-off due to heightened geopolitical tensions. Sellers are likely to remain active, pushing prices lower in the near term.

AI-generated analysis. For educational purposes only — not financial advice.

Gold price (XAU/USD) falls to around $4,690 during the early Asian session on Monday. The precious metal attracts some sellers after US President Donald Trump rejected Iran’s latest peace offer to end the 10-week conflict choking the Strait of Hormuz, fanning inflation fears.

Read full story on FXStreet →

Trade this news on a regulated broker

Turn this story into your next trade — earn cashback on every lot

News moves markets. Open a live account with one of the brokers below and SignalPro pays you cashback on every lot you trade — winning or losing — for the lifetime of your account.

Trading involves risk of loss. Cashback rates are estimates based on standard lots; actual rebates depend on your account type and instrument. SignalPro receives an introducing-broker commission when you open an account through these links — at no extra cost to you.

Cashback Calculator

How much could you earn back per year?

Move the slider to your real monthly trading volume. We instantly show your estimated yearly cashback at each broker. Cashback is paid for life on every trade you make — closed at a profit or a loss.

Lots traded per month25
What do you mainly trade?

Estimates based on published partner cashback programs. Actual rebates depend on account type, instrument, and lot definition. See full VIP Trader Hub →

Trade these moves with SignalPro

Free real-time signals + AI chart analysis

Get push alerts the moment our analysts spot setups around news events. Join 50,000+ traders.

Discussion

Loading comments…