Gold prices pared significant losses following President Trump's reversal on Iran, reducing fears of regional conflict and boosting safe-haven demand. The move sparked a broader market reassessment of risk and commodity values.
- Gold futures (GC=F) rebounded after Trump withdrew Iran threats
- Geopolitical risk eased, boosting safe-haven demand for gold
- VIX index declined, signaling improved market sentiment
- Oil prices (CL=F) were impacted, though details not specified
- China’s central bank maintained gold buying for 15 consecutive months
- Market reaction reflects strong correlation between risk sentiment and commodity prices
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