Gold rallies 1.6% as Iran talks ease
Watch: Monitor further U.S.-Iran developments and Treasury yield movements for gold price recovery signals.
Gold gained up to 1.6% intraday near $4,540 per ounce after President Trump's May 20 statement on being in final stages with Iran. This softened geopolitical tensions led to a weaker dollar, lower Treasury yields, and a drop in oil prices. GLD held 32.5 million ounces of gold by fiscal 2025 end amid a recent gold price decline of approximately 14% since the U.S.-Iran conflict began in February.
The easing of U.S.-Iran tensions could reverse recent gold price pressure and stabilize GLD after heavy ETF outflows and a downtrend driven by macro headwinds.
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