Gold prices fell on Monday as the US Dollar gained strength, influenced by robust ISM data that boosted market sentiment. According to FX Street, the XAU/USD pair traded at $4,037, marking a decline of 0.12%.
In parallel, geopolitical tensions eased temporarily when hostilities in the Middle East paused at the request of Iran and other regional countries, as stated by US President Donald Trump. This development contributed to a reduced demand for safe-haven assets like gold.
For Japanese investors, the interplay between the strengthening US Dollar and gold price movements remains key, particularly as the yen faces its own volatility this week amid shifting global risk sentiment.