Gold maintained its upward momentum for a third consecutive day as President Donald Trump indicated the US would conclude its military engagement with Iran within weeks. The precious metal approached $4,680 per ounce amid easing geopolitical tensions.
- Gold held three days of gains after President Donald Trump signaled an end to the war with Iran.
- Bullion traded near $4,680 an ounce, following a 3.5% rise in the previous session.
- Trump stated the US had largely accomplished its military goals and would reduce involvement.
- Other nations are expected to manage issues related to the Strait of Hormuz.
- Iranian President Masoud Pezeshkian said Tehran was ready to end the war if its demands were met.
- Geopolitical de-escalation boosted investor sentiment while sustaining safe-haven demand for gold.
Sign up free to read the full analysis
Create a free account to unlock full AI-curated market articles, personalized alerts, and more.