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Trump's warning to Iran has triggered safe-haven buying, leading to a rise in gold prices.
Gate News bot message, U.S. President Trump calls for an immediate withdrawal from Iran, investors track hostile actions between Israel and Iran, which has boosted demand for safe-haven assets, and gold prices rose during early Asian trading.
Gold prices rose by 0.4%, surpassing $3,400 per ounce, after a 1.4% drop on Monday, marking the largest single-day decline in a month.
Trump called for the evacuation of the Iranian capital on social media, hours after urging Iranian leaders to sign a deal limiting their nuclear program.
Last week, as Israel launched military actions against Iran's nuclear program, gold rose nearly 4%, raising concerns about regional conflict and adding new momentum to the increase in gold prices triggered by Trump's aggressive tariff plan posing a threat to global economic growth.
Currently, the gold price is about 100 dollars lower than the record low set in April and is expected to achieve a monthly increase for the sixth consecutive month, which would be the best monthly gain in over 20 years.
Source: Bloomberg