Gold Rebounds on US-Iran Conflict Safe-Haven Demand
Gold prices edged higher as renewed geopolitical tensions between the US and Iran boosted safe-haven demand, while expectations of tighter US monetary policy continued to support the dollar.
XAUUSD
Gold (XAU/USD) saw a modest recovery on Monday, driven by fresh geopolitical risks that revived safe-haven buying. The ongoing US-Iran conflict remains the primary market driver, keeping sentiment fragile.
At the same time, expectations of tighter Federal Reserve monetary policy continued to underpin the US dollar, limiting gold's upside. The precious metal remains sensitive to shifts in both geopolitical developments and interest rate outlooks.
Source: FXStreet Forex News