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fxJun 11, 2026, 11:21 PM

Gold Rebounds from 6-Month Low as Trump Cancels Iran Strikes

Gold prices rose near $4,240 during early European trading Friday, recovering from a six-month low after US President Trump canceled planned military strikes on Iran, boosting hopes for a truce deal.

XAUUSD

Gold (XAU/USD) traded in positive territory near $4,240 during the early European session on Friday, bouncing back from a six-month low.

The rebound came after US President Donald Trump announced the cancellation of planned military strikes against Iran, fueling expectations that a US-Iran truce deal may be on the horizon.

The move eased geopolitical tensions, prompting a recovery in the precious metal after its recent sharp decline.

Source: FXStreet Forex News