Trump's warning to Iran has triggered safe-haven buying, leading to a rise in gold prices.

2025-06-17 00:44:26

Gate News bot message, U.S. President Trump calls for an immediate withdrawal from Iran, investors track hostile actions between Israel and Iran, which has boosted demand for safe-haven assets, and gold prices rose during early Asian trading.

Gold prices rose by 0.4%, surpassing $3,400 per ounce, after a 1.4% drop on Monday, marking the largest single-day decline in a month.

Trump called for the evacuation of the Iranian capital on social media, hours after urging Iranian leaders to sign a deal limiting their nuclear program.

Last week, as Israel launched military actions against Iran's nuclear program, gold rose nearly 4%, raising concerns about regional conflict and adding new momentum to the increase in gold prices triggered by Trump's aggressive tariff plan posing a threat to global economic growth.

Currently, the gold price is about 100 dollars lower than the record low set in April and is expected to achieve a monthly increase for the sixth consecutive month, which would be the best monthly gain in over 20 years.

Source: Bloomberg

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