Gold Rises Amid Trump's Latest Iran Negotiation Bluff

Iran has denied US President Donald Trump's claim that new talks on ending the conflict would begin on Monday, despite his assertion that Iran 'knew the extent of the attack because they saw it forming.'

Speaking from Air Force One, Trump said negotiations with Iran were underway and a breakthrough was near. However, the Iranian Foreign Ministry denied any such negotiations.

The denial comes as tensions between the US and Iran continue to escalate, with oil prices falling more than 7% on Monday due to fresh de-escalation in Middle East tensions and a weakening US dollar.

Gold futures rose on Monday amid the uncertainty, but analysts warn of potential selling pressure at current levels. The price of gold has been in a downward trend since January 2026, with bears targeting $3,954 as their next key support level.