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fxAug 3, 2026, 1:03 AM

Gold Reclaims $4,050 as US Pauses Iran Strikes

Gold price rises to around $4,060 early Monday, buoyed by reduced geopolitical tensions after reports that President Trump halted military action against Iran.

XAUUSD

Gold prices moved higher in early Asian trading on Monday, with XAU/USD trading near $4,060. The uptick follows news that President Trump has paused military strikes on Iran, easing immediate geopolitical fears. The de-escalation hopes have reduced safe-haven demand for the US dollar, lending support to the precious metal.

Source: FXStreet Forex News