Gold has recovered from a sharp drop after US President Donald Trump postponed military attacks against Iran.

After US President Donald Trump postponed military strikes against Iran on Monday, gold recovered from a sharp drop, allaying market concerns about inflation brought on by a protracted conflict.

Earlier, London’s spot gold price dropped as much as 8% to about $4,100 an ounce, the lowest level since 2026.

But it started to improve after Trump declared a five-day halt to military strikes, citing “productive” talks with Iran.

By 11:15 a.m. in New York, the gold had recovered the majority of its losses, closing the day at roughly $4,480 per ounce, down 0.6%.

Comex futures prices were still 2.7% lower, at $4,471 per ounce. Additionally, silver recovered after falling by more than 10%.

Source: newsthemegh.com