BREAKING NEWS: Gold prices have increased by 16% over 7 trading sessions.

From $4,100 on March 23rd to $4,777 today.
And ETF data also supports this trend. Just last week, $1.51 billion flowed into gold ETFs. That’s institutional money pouring in with strong confidence.
But this is really what this move is trying to convey.
Investors are not buying gold because the world is safe. They are buying gold because they believe a deal is imminent, but they are not fully convinced yet.
Iran’s Foreign Minister signaled readiness to negotiate. President Trump will address the nation tonight about the conflict. OPEC will meet in four days.
The peace signals mean risk assets are rising. Uncertainty keeps gold prices attractive. Both are happening simultaneously. Smart investors are hedging against both scenarios at once.
When the war started, gold prices plummeted. The reason was simple: the market believed the outcome was clear and there was nothing left to predict.
Now, the situation has reversed. A deal may happen, or it may not. No one knows for sure. And uncertainty is exactly what gold needs to generate profits.
There’s one more thing to note.
The rally from the $4,100 level has been straight up without any corrections. When prices move so quickly without consolidation, it’s rarely just one-sided buying.
Traders who have shorted gold during the war are now closing those positions as the downside thesis breaks down. This forced closing is accelerating the rally.