Gold nears $4,200 as Trump signals lower Iran escalation risk, yields ease

Gold futures rose 1.43% to $4,191/oz, approaching $4,200, as Treasury yields and oil prices stayed below recent highs. Trump's signal of reduced Iran escalation risk dampened safe-haven demand for oil and bonds, while MUFG attributes gold's support to easing inflation fears. The move reflects a shift in risk sentiment, with gold benefiting from inflation hedging despite lower geopolitical tension.