Gold prices rallied to their highest level in three weeks after the announcement of a ceasefire involving Iran, signaling a temporary easing of geopolitical tensions in the Middle East.

Despite the de-escalation, investors continue to treat gold as a reliable safe-haven asset amid lingering uncertainties in the region.

The price spike highlights the metal's sensitivity to geopolitical developments, which often drive risk sentiment.

Traders should watch for potential profit-taking or further geopolitical updates, as gold remains vulnerable to rapid shifts in market sentiment tied to global political risks.