Gold prices fell below the $4,100 mark, trading around $4,075 during the early Asian session on Thursday, as renewed tensions between the US and Iran heightened inflation concerns, according to FX Street. The US carried out a second consecutive day of attacks near the Strait of Hormuz, with US President Donald Trump declaring that the ceasefire with Iran has ended.
Meanwhile, the Euro stabilized against the US Dollar amid ongoing Middle East hostilities. FX Street reported that the EUR/USD pair bounced off Wednesday’s daily low of 1.1391 to reach 1.1420, reflecting cautious investor sentiment amid geopolitical uncertainty.
For Japanese investors, these developments underscore the importance of monitoring geopolitical risks that continue to influence safe-haven assets and currency pairs, especially as regional markets react to global tensions.