{
    "success": true,
    "data": {
        "id": 1771465,
        "msgid": "global-gold-prices-rise-as-us-iran-ceasefire-extension-awaits-trump-approval-1780023335",
        "date": "2026-05-29 09:11:24",
        "title": "Global Gold Prices Rise as US-Iran Ceasefire Extension Awaits Trump Approval",
        "author": "Aprillia Ika",
        "source": "KOMPAS",
        "tags": "",
        "topic": "Finance",
        "summary": "Global gold prices surged over 1% following reports of a US-Iran ceasefire extension, with the US dollar and oil prices weakening. The Federal Reserve's potential rate hikes typically dampen gold's appeal, but weaker inflation data and geopolitical relief provided temporary support. Analysts highlighted the 200-day moving average as a critical benchmark for the precious metal's short-term direction.",
        "content": "<p>Global gold prices rose more than 1% by the end of Thursday\u2019s trading\n(28 May 2026 local time) or early Friday (29 May 2026 WIB), after\npreviously touching a two-month low. The rise came after the US dollar\nand oil prices weakened following reports that the United States and\nIran had reached a ceasefire extension agreement. Citing Reuters, spot\ngold rose 1.1% to $4,504.07 per ounce, after falling to its lowest level\nsince late March 2026 the previous day. Meanwhile, US gold futures rose\n1.1% to $4,532.40 per ounce. The US and Iran are reported to have\nreached a memorandum of understanding for a 60-day ceasefire extension,\nthough the agreement still awaits approval from US President Donald\nTrump. The US dollar index fell 0.2%, making gold cheaper for holders of\nother currencies and boosting investor interest in the precious metal.\nBrent crude oil prices also weakened following the report. The monthly\nPCE index rose 0.4% after jumping 0.7% in March. Independent metals\ntrader Tai Wong said that weaker inflation data and the potential\nreopening of the Strait of Hormuz provided positive sentiment for gold.\n\u201cThe trading gods seem to have intervened in today\u2019s gold movement.\nFirst the weak PCE data, then reports of a potential Hormuz reopening,\nproviding much-needed relief for gold,\u201d Wong said. He added that gold\nhad been under strong pressure and nearly breached the important 200-day\nmoving average level tracked by market participants. \u201cGold was at risk\nof falling below the 200-day moving average this morning, which many\ntraders and investors see as a critical test for maintaining the\nuptrend,\u201d he said. However, the Federal Reserve\u2019s minutes from its 28-29\nApril 2026 meeting, released last week, showed increasing openness among\nofficials to further interest rate hikes. Gold prices have been under\npressure since the US-Israel conflict against Iran erupted in late\nFebruary 2026, amid rising global inflation concerns. Despite being a\nsafe-haven asset, gold tends to lose appeal when interest rates rise as\ninvestors shift to higher-yielding assets. Among other precious metals,\nspot silver rose 1.3% to $75.60 per ounce. Platinum remained steady at\n$1,918.95 per ounce, while palladium fell 1.4% to $1,371.52 per\nounce.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/global-gold-prices-rise-as-us-iran-ceasefire-extension-awaits-trump-approval-1780023335",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}