Gold prices fell below the $4,100 mark on Monday, reflecting growing concerns over escalating tensions between the US and Iran as well as persistent inflation fears. According to FX Street, the XAU/USD pair dropped to near $4,070 during early Asian trading hours, highlighting the cautious market sentiment.

The decline in gold prices comes amid geopolitical uncertainty that often drives investors toward safe-haven assets, yet inflation worries continue to weigh on the metal's appeal. The interplay of these factors has created volatility in the precious metals market.

For Japanese investors, who closely monitor global risk factors and inflation trends, this movement in gold prices may influence portfolio strategies, especially as the yen remains sensitive to shifts in safe-haven demand.