Gold Extends Gains as Trump Postpones Iran Attack

Gold prices extended gains on May 19 after President Trump postponed a planned attack on Iran, citing serious negotiations and easing immediate escalation fears. The move followed his May 18 warning that Iran “knows what’s going to be happening soon” and rejection of Tehran’s peace proposal, which initially lifted safe-haven demand. Spot gold rose to $4,586.39 per ounce on May 18 before adding further ground alongside falling U.S. 10-year yields and a softer dollar, while oil prices declined on reduced geopolitical risk.