[MARKET UPDATE] Spot XAU extends to a new ATH of USD 4780/oz following the WSJ report that Trump continues to press aides for decisive action on Iran

Spot XAU extends to a new ATH of USD 4780/oz following the WSJ report that Trump continues to press aides for decisive action on Iran.

The new all-time high in gold prices indicates heightened market anxiety stemming from escalating tensions regarding Iran, particularly accentuated by Trump's continued push for decisive action. This geopolitical uncertainty typically drives investors toward safe-haven assets like gold, suggesting that the upward trend may persist if concerns remain elevated. Traders should closely monitor related developments for further implications on risk sentiment and commodity pricing.