Gold Price Forecast: XAU/USD rallies further with the $5,000 level on focus

Improved risk appetite and Treasury-yield pullbacks tied to hopes of a quick end to the Iran war after US President Donald Trump said the US Army could withdraw from Iran within the next two or three weeks, that Iran will be unable to build a nuclear weapon “for years,” and that the Strait of Hormuz will reopen “automatically” after the US exit Perigon signal context: impact positive, driver geopolitical.