Gold Rebounds from 6-Month Low as Trump Cancels Iran Strikes
Gold prices rose near $4,240 during early European trading Friday, recovering from a six-month low after US President Trump canceled planned military strikes on Iran, boosting hopes for a truce deal.
XAUUSD
Gold (XAU/USD) traded in positive territory near $4,240 during the early European session on Friday, bouncing back from a six-month low.
The rebound came after US President Donald Trump announced the cancellation of planned military strikes against Iran, fueling expectations that a US-Iran truce deal may be on the horizon.
The move eased geopolitical tensions, prompting a recovery in the precious metal after its recent sharp decline.
Source: FXStreet Forex News