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fxJun 29, 2026, 6:05 PM

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

Gold (XAU/USD) fell about 1.50% on Monday as risk appetite improved after a halt in hostilities between the US and Iran reduced safe-haven demand.

XAUUSD

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.

Source: FXStreet Forex News