Gold prices trimmed losses on Monday after U.S. President Donald Trump announced he would delay any strikes on Iranian targets. The precious metal's price had previously fallen amid fears that escalating conflict in the Middle East could undermine demand for safe-haven assets. Investors were concerned about a potential military clash between the U.S. and Iran, prompting a flight from risky assets. However, Trump's statement about his readiness to dialogue calmed the markets and boosted gold's appeal as a safe-haven asset. Consequently, the metal's price recovered and showed positive momentum throughout the trading session.
