Asia's morning gold prices rose slightly, affected by the ongoing conflict between the United States and Iran.

date
05/03/2026
As the US-Iran conflict continues, gold has seen a slight increase. Spot gold rose by 0.3% to $1,515.33 per ounce. A senior official from the Department of Defense stated that President Trump has instructed the military to weaken Iran's military threat. Joseph Dahrieh from Tickmill commented in an email, "Investors are still paying attention to the evolving geopolitical landscape, which continues to enhance the attractiveness of gold." The managing director stated that the tensions in the Middle East and Eastern Europe may continue to push investors towards safe-haven assets.