Gold is trading 2% up at $4325.40 as investors reassess geopolitical and macro risks tied to a potential U.S.-Iran peace deal.
- The latest move follows a sharp swing on Friday when hopes for a ceasefire and the reopening of the Strait of Hormuz briefly reduced safe-haven demand.
- Markets have pivoted back to core supports for the precious metal, including inflation, Fed policy uncertainty, and lingering Middle East tensions.