GLD is trading up 3.9% at $419.79 on optimism surrounding U.S.-Iran ceasefire negotiations and a potential energy deal claimed by President Trump.
- Eased Middle East tensions following the postponement of strikes on Iranian infrastructure have boosted safe-haven demand for gold.
- The rally aligns with broader market gains, including a 2% rise in spot gold and 3% increases in Indian markets, as investors weigh diplomatic de-escalation signals despite conflicting reports from Tehran.