President Trump's Iran Update Sparks Rally in Gold Prices

Gold prices rallied after President Donald Trump indicated the U.S. is entering 'final stages' with Iran, reversing a prior decline due to war-related market dynamics. The shift was attributed to falling dollar strength and renewed safe-haven demand.

By Tobi Opeyemi Amure · TheStreet · May 23, 2026, 00:07 UTC

Tickers: $GLD

Topics: fed_policy geopolitical_conflict gold presidential_statement

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