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Gold Rises as Oil Prices Plummet Amid Trump's Iran Halt

Guavy AI Editorial Team
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Oil Gold
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Gold prices rose on Monday as oil prices fell after US President Donald Trump held off on fresh attacks on Iran, easing concerns over inflation and higher interest rates.

Spot gold was up 0.6% at $4,063.35 per ounce, while U.S. gold futures edged 0.1% higher to $4,053.70.

The US dollar came under pressure after authorities intervened in the foreign exchange market to support the yen, making dollar-priced bullion more affordable for overseas buyers.

Gains in gold remain limited due to uncertainty around oil markets and the Middle East, according to Tim Waterer, chief market analyst at KCM Trade.

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