Gold prices climbed to a three-month peak following the US announcement of sanctions targeting Iran-linked entities. According to FX Street, the precious metal surged to $4,681 as markets reacted to the geopolitical development.
Investors are now turning their attention to an upcoming speech by the new Federal Reserve Chair, Kevin Warsh, scheduled for Friday at the Jackson Hole symposium. FX Street noted that market participants are closely monitoring Warsh's remarks for clues on future monetary policy.
For Japanese investors, this movement in gold highlights the ongoing sensitivity of safe-haven assets amid geopolitical tensions and the potential impact on currency and equity markets in the region.