Gold rose in early trade, gaining 0.8% to $4,444.07 an ounce, driven by a falling U.S. dollar and declining Treasury yields. The dollar's drop makes non-interest-bearing gold more attractive compared to USD assets. This development follows President Trump's announcement postponing strikes on Iranian energy infrastructure for five days, signaling potential de-escalation in the conflict.

Pepperstone's Michael Brown called this a 'positive development' and the first sign of reduced tensions since February. The market implications center on the dollar's weakness and shifting investor sentiment toward safe-haven assets. Gold's rise reflects growing demand amid geopolitical uncertainty and monetary policy shifts.