Gold price slides as easing US-Iran tensions dent haven demand

Gold (XAU/USD) declined by approximately 1.50% on Monday, retreating as geopolitical tensions between the US and Iran eased over the weekend. The reduction in hostilities improved market risk appetite, diminishing demand for safe-haven assets like gold.

Earlier fears that the conflict could disrupt oil flows through the Strait of Hormuz have also subsided, further supporting risk-on sentiment. The price slide reflects a shift away from gold as investors rotate into higher-risk assets.