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macroJul 9, 2026, 11:23 PM

Gold Recovers Above $4,100 as Traders Assess US-Iran Conflict

Gold price edges higher to around $4,120 in early Asian session as traders weigh Middle East tensions.

XAUUSD

Gold (XAU/USD) has rebounded above the $4,100 mark, trading near $4,120 during the early Asian session on Friday. The recovery comes as market participants assess the latest developments in the US-Iran conflict and the potential for a resumption of war in the Middle East.

The precious metal had been under pressure in recent sessions, but safe-haven buying has returned amid geopolitical uncertainty. Traders are closely monitoring any escalation in hostilities, which could further boost gold's appeal.

No additional details on the specific trigger or price levels beyond the recovery to $4,120 have been provided in the source.

Source: FXStreet Forex News