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fxJun 9, 2026, 5:04 PM

Gold Falls to Two-Month Low Despite Dollar Weakness on Iran Tensions

XAU/USD dropped to its lowest level in two months, while the US dollar remained under pressure amid ongoing Iran war headlines.

XAUUSD

Gold prices extended their decline, hitting a fresh two-month low during the trading session. The drop came despite a weaker US dollar, which stayed on the back foot as financial markets continued to revolve around Iran war headlines.

According to a price forecast, the precious metal is now aiming to challenge the $4,000 level. The move highlights ongoing volatility in currency markets as geopolitical developments drive sentiment.

Source: FXStreet Forex News