Gold prices today, Monday, August 3, 2026: Gold prices open higher after U.S. pauses planned airstrikes

Gold futures opened higher on Monday, August 3, 2026, rising 0.7% to $4,135.20 per ounce as markets reacted to President Trump’s decision to pause planned U.S. airstrikes in Iran after allies urged de-escalation. The move lifted gold modestly in early trading, though prices later eased to $4,111.50 as investors weighed whether the pause would meaningfully reduce geopolitical risk and inflation concerns. The article frames gold’s move as a classic safe-haven response to Middle East tensions, with further upside likely dependent on progress in peace talks and sustained easing in inflation expectations. Gold was up 1.1% over the past week, 1.7% over the past month, and 25.8% year over year, underscoring the metal’s strong longer-term rally.