Why did gold jump on hopes that the war in Iran could end soon? - KITCO

Gold's jump on Iran ceasefire speculation tells us everything about current market positioning. The metal isn't falling on peace hopes like traditional safe havens would. Instead, it's climbing because reduced geopolitical risk means central banks can focus on monetary policy without war premiums. That's bullish for systematic gold buying. The fact we're holding above $2590 during peace talks shows the floor has shifted permanently higher. Physical demand from Asia never stopped during this Middle East uncertainty. Now with potential stability, we could see accelerated central bank accumulation as they prepare for the next monetary crisis. This isn't profit-taking territory.