US EditionGold Extends Gains as Trump Pauses Iran Attacks for Two Weeks
Spot gold climbed 2.3% as traders priced in lower energy costs and reduced inflation pressure after Trump paused attacks on Iran.
- On Wednesday, April 8, 2026, gold and precious metals rebounded after the United States and Iran announced a two-week ceasefire, sending crude oil prices plunging below the USD 95 mark.
- Geopolitical risks from the Iran war had previously caused bullion to lose all of this year's gains, but the ceasefire now allows for a "partial unwinding of geopolitical risk premium," OCBC foreign exchange strategist Christopher Wong said.
- Spot gold jumped more than 3 per cent to around US$4,800 per ounce, while COMEX gold surged 3.22 per cent to approximately USD 4,835.5 per troy ounce.
- CMC Singapore sales trader Alex Ho described the spike as "classic knee-jerk behaviour," noting that future movement depends on ceasefire stability and Federal Reserve interest rate easing.
- Underlying supports remain in place, including continued central bank buying by China, a softer dollar, and sticky inflation, which could sustain future price stability.
56 Articles
56 Articles
The Dow surges 1,300 in a worldwide rally as oil plunges toward $90 following a cease-fire with Iran - The Boston Globe
The drops reversed some of the rise in oil prices since the start of the war more than five weeks ago that had effectively blocked passage through the strait that’s a crucial route for global supplies.
The Dow Surges 1,300 In Worldwide Rally As Oil Plunges Toward $90 After Ceasefire With Iran
The S&P 500 leaped 2.6% after Trump, Iran and Israel agreed to a two-week ceasefire, just hours before a deadline Trump had set for Iran to open the Strait of Hormuz and allow oil to flow freely again from the Persian Gulf to customers worldwide.
The Dow surges 1,300 in a worldwide rally as oil plunges toward US$90 following a ceasefire with Iran
Stock markets are surging worldwide, and oil prices are plunging back toward US$90 per barrel after U.S. President Donald Trump pulled back from his threat to force a “whole civilization” to die in the war with Iran.
US-Iran de-escalation and opening of the Strait of Hormuz send prices plummeting, reducing fears of a new energy crisis
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