🔥 Gold Pulls Back as Trump Eases Iran Tensions & Tariff Fears 🔥

Gold softened after hitting an all-time high of around $4,642.72 per ounce, with spot prices retreating about 0.3% to roughly $4,608–$4,613 as investors booked profits and safe-haven demand eased following comments from U.S. President Donald Trump suggesting a less aggressive stance toward Iran’s unrest. Traders also reacted to the suspension of planned tariffs on strategic minerals, reducing geopolitical risk premiums that had previously buoyed bullion.

After climbing on heightened Middle East concerns and uncertainty about U.S. monetary policy, gold’s recent pullback shows markets recalibrating as geopolitical worries momentarily cool and broader risk sentiment stabilizes. Despite the dip, gold remains near elevated levels, reflecting that underlying uncertainties—both global and economic—continue to influence precious-metals demand.