XAU/USD rises 1.3% to $4,132 as easing Middle East tensions and falling oil prices pressure the US dollar.
Gold prices surged above $4,100 during Thursday’s North American session, gaining over 1.3% as the US dollar retreated. The XAU/USD pair reached $4,132 after rebounding from weekly lows near $4,021.
The move followed a decline in oil prices amid easing geopolitical tensions in the Middle East, which weighed on the USD. Earlier in the week, gold had dipped to $4,021 before reversing course.
No immediate market reaction data was provided, but the shift reflects broader commodity and currency trends.