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Gold trims gains after a bullish gap, as US-Israel strikes on Iran spur fresh safe-haven buying worldwide
Gold (XAU/USD) pulled back after opening the week with a bullish gap, as the US-Iran war drove safe-haven demand. XAU/USD traded around $5,300, after rising above $5,400 earlier in the day. Over the weekend, the United States and Israel carried out joint strikes on Iran. Iran’s Supreme Leader, Ayatollah Ali Khamenei, was killed. Iran then attacked US air bases in the region, increasing risk aversion and supporting demand for Gold and the US Dollar. The action followed several rounds of high-level nuclear talks last week, and US President Donald Trump said the campaign could last “four weeks or less”. The ... (full story)
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