empty
 
 

2026.04.1423:47:42UTC+00Gold Holds Firm on US-Iran Optimism

Gold traded above $4,800 an ounce on Wednesday, extending gains of about 2% from the previous session. Prices were supported by optimism that the US and Iran may reach an agreement to end the ongoing conflict, easing concerns about an energy-driven inflation shock. Washington and Tehran are reportedly working to arrange a second round of peace talks in the coming days, following the collapse of negotiations last weekend.

The US is maintaining a naval blockade on Iranian oil exports in the Strait of Hormuz, while Iran is considering a temporary suspension of shipments through the route as a possible confidence-building step toward a deal. At the same time, crude oil prices fell back below $90 per barrel and the US dollar index slipped to a six-week low, both developments providing additional support to gold.

Markets have also scaled back expectations for more aggressive monetary tightening, as the Federal Reserve adopts a wait-and-see approach while it assesses inflation risks.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In April we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback