Gold Price Recovers Some Ground On Trump’s Iran Attack Pause – But Yellow Metal Is Still Down 16% In A Month After ‘Sell Everything’ Rout

Gold prices recovered partially on Monday after President Donald Trump announced that attacks on Iran’s energy infrastructure had been postponed for five days.

Gold prices hovered around $4,350 per troy ounce on Monday after falling to under $4,100 as the “sell everything” trade gripped markets amid intensifying tensions in the Middle East.

Gold futures maturing in June tumbled more than 10% before recovering some of the losses. However, futures were still down nearly 5% to hover around $4,400.

President Trump announced on Monday that he has instructed the Department of War to postpone all military strikes against Iran’s power plants and energy infrastructure for five days.

Despite this, spot gold prices are down nearly 16% over the past month.

The SPDR Gold Shares (GLD) and iShares Gold Trust (IAU) ETFs were down more than 2% at the time of writing.

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