Gold starts week under pressure as US-Iran stalemate and strong Dollar cap XAU/USD

Gold starts week under pressure as US-Iran stalemate and strong Dollar cap XAU/USD

Source: EODHD - https://www.fxstreet.com/news/gold-starts-week-under-pressure-as-us-iran-stalemate-and-strong-dollar-cap-xau-usd-202606011259
Published: Jun 01, 2026 8:59 AM

Gold (XAU/USD) kicks off the week with a negative bias as slow progress toward a US-Iran ceasefire extension deal and fresh attacks in the Middle East keep buyers cautious. At the time of writing, XAU/USD is trading around $4,500 after hitting a two-week high near $4,595 on Friday.

Market context: This update is relevant to gold traders, with XAUUSD as the primary instrument to monitor for follow-through, trend continuation, or headline volatility.