Gold prices saw a modest increase as tensions between the United States and Iran continued. Spot gold rose by 0.3%, reaching $5,155.33 per ounce. A senior official from the Department of Defense stated that U.S. President Donald Trump has directed the military to reduce Iran's military threat. Joseph Dahrieh of Tickmill noted in an email, "Investors remain focused on the evolving geopolitical landscape, which continues to enhance gold's appeal." The managing director added that tensions in the Middle East and Eastern Europe are likely to keep driving investors toward safe-haven assets.