Gold XAU/USD Eyes Safe-Haven Bid as Iran-Hormuz Risk Simmers
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Gold XAU/USD traders are watching the simmering standoff between Tehran and Washington closely, as Iran accelerates trade ties with Central Asian states to offset Western pressure. The Shanghai Cooperation Organization talks in Dushanbe, where Iranian officials reported a 50% jump in bilateral trade, signal Tehran is building economic resilience rather than de-escalating.
Any flare-up risk around the Strait of Hormuz remains a persistent geopolitical premium embedded in gold pricing. With a sizable share of global oil and gas shipments passing through this chokepoint, markets continue pricing in disruption risk, reinforcing gold's traditional role as a hedge against supply-shock driven volatility and currency instability.