XAU/USD gains 0.30% after President Trump dismisses Tehran’s conflict resolution offer, escalating tensions.
Gold prices edged higher as geopolitical risks intensified following the US rejection of Iran’s conflict resolution proposal. XAU/USD rose 0.30% to $4,726, recovering from earlier losses as investors sought safe-haven assets.
The advance follows President Trump’s dismissal of Tehran’s offer as “totally unacceptable,” stalling diplomatic efforts. Prior sessions saw gold trade lower amid mixed risk sentiment, but escalating tensions reversed the trend.
Markets reacted modestly, with gold stabilizing near session highs as uncertainty over US-Iran relations persisted.