Gold prices climbed past the $4,050 mark during the early Asian session on Monday, driven by reports that US President Donald Trump has paused planned strikes on Iran. According to FX Street, the precious metal attracted buyers around $4,060 amid this development.
The move reflects increased demand for safe-haven assets as geopolitical tensions ease temporarily. FX Street noted that the decision by President Trump to hold off on military action against Iran contributed to the positive momentum in gold prices.
For Japanese investors, this rise in gold prices comes at a time when the yen is experiencing volatility due to global risk sentiment, offering potential opportunities in FX and precious metals trading.