Gold Edges Higher as Trump Pauses Iran Strikes

Gold prices rose 0.6% to $4,063.35 per ounce on Monday as US President Donald Trump announced he would hold off on fresh military strikes against Iran.

This move eased fears of a broader conflict that could have severely disrupted global oil supplies and triggered inflation anxieties.

The drop in oil prices, with Brent crude plummeting nearly 6%, signaled a potential easing of inflationary pressures, reducing the likelihood that central banks would need to implement aggressive interest rate hikes.

A weaker US dollar also contributed to gold's modest rise, as it made the metal more affordable for international buyers and stimulated demand.