Gold Rises Third Session on Safe-Haven Demand Amid Geopolitical Stalemate

Gold futures extended gains for a third session, closing up 0.42% at $4,172.90/oz, driven by risk aversion from elevated oil prices above $100/bbl and multi-decade high Treasury yields. Geopolitical uncertainty, particularly the US-Iran ceasefire stalemate, continues to underpin safe-haven demand. The move reflects persistent market stress rather than a new catalyst, with gold's resilience against rising yields signaling strong risk-off positioning.