Gold Steadies as Investors Weigh U.S. Pullback From Iran Strikes
Gold held steady after an exceptionally volatile start to the week as investors assessed President Donald Trump’s decision to postpone U.S. strikes against Iran’s energy infrastructure.
Bullion hovered around $4,400 an ounce in early trading after trimming sharp losses on Monday, though it still ended that session down nearly 2%. The Middle East war has kept energy prices elevated, raising the risk of higher inflation and interest rates—conditions that have helped drive a nine-day slide in gold, its longest losing streak since 2023.
U.S. stocks advanced while Treasury yields and the dollar retreated after Trump delayed the strikes for five days and said “productive discussions” with Iran had taken place, suggesting the two sides could jointly manage the Strait of Hormuz. Tehran, however, denied any talks with the United States, keeping markets cautious and headline-driven.
In the latest Asia update, spot gold edged down 0.3% to $4,394.96 an ounce at 6:16 a.m. in Singapore. Silver slipped 0.1% to $69.05, while platinum and palladium also declined. The Bloomberg Dollar Spot Index ended the previous session down 0.4%, offering limited support to bullion.
Source : Newsmaker.id
