Global gold prices rose on Monday as easing concerns over an immediate military conflict between the United States and Iran, along with a weaker US dollar, supported demand for the precious metal.

Spot gold gained 0.4% to reach $4,065.76 per ounce, while US gold futures climbed 0.9% to trade at $4,054 per ounce.

Market analysts said investor sentiment improved after US President Donald Trump signaled a willingness to pursue negotiations with Iran instead of launching immediate military strikes. The announcement also contributed to a drop of more than 5% in global oil prices, easing short-term inflation concerns and providing additional support to gold.

Meanwhile, the US dollar remained under pressure following Japanese government intervention to support the yen. A weaker dollar makes gold less expensive for buyers using other currencies, often increasing global demand for the metal.

Market analyst Tim Waterer said gold started the week on a positive note, but uncertainty surrounding developments in the Middle East and the outlook for energy markets continued to limit stronger gains.

Investors are also closely watching a series of key US economic reports due later this week, including employment data, weekly jobless claims, the ADP employment report, and the nonfarm payrolls figures. These indicators are expected to influence expectations for future US Federal Reserve interest rate decisions.

In other precious metals, silver rose 0.9%, platinum gained 0.5%, and palladium advanced 1.7% during Monday's trading session, reflecting broader strength across the precious metals market.