Gold steadied at $4,190 an ounce after U.S. Vice President J.D. Vance praised weekend talks with Iran, which officials also marked as "very, very good." The lift snapped a three‑day slide that had seen bullion fall.

The rally follows a memorandum of understanding signed last week, signalling a possible end to the war that has rattled markets and fed inflation. Investors view the pause as a cue to reassess risk.

Analysts note that while obstacles remain, the announcement lifted sentiment across commodities, nudging related equities higher. The move also eases pressure on currency markets, where the dollar had weakened during the conflict.

Overall, the price jump underscores how geopolitical shifts can quickly reshape precious‑metal pricing and influence broader asset allocations.