The conflict in the Middle East has heated up again after Iran\naccused the United States of breaching the ceasefire agreement that had\npreviously been mutually approved. The escalation of the war has\ntriggered a rapid surge in gold prices.<\/p>\n
US President Donald Trump stated that his side had approved a\ntwo-week ceasefire, which is hoped to pave the way for long-term peace.\nThis agreement succeeded in calming market volatility as market\nsentiment tended to shift to relatively positive.<\/p>\n
\u201cWe accepted Iran\u2019s 10-point proposal, and we view it as a workable\nbasis for negotiations. Almost all previous points of contention have\nbeen agreed between the United States and Iran, but this two-week period\nwill allow the agreement to be finalised and resolved,\u201d Trump said.<\/p>\n
According to KITCO News, the latest spot gold price was traded at\nUS$4,809.20, or approximately Rp82.19 million (estimated exchange rate\nof Rp17,090 per US dollar) per ounce at the close of trading on\nWednesday, 8 April 2026. That price reflects a rise of more than 2% in a\nsingle trading session.<\/p>\n
Analysts stated that gold needs to break through the US$4,800 level\nto attract further buying interest from investors. Meanwhile, the\npsychological level of US$5,000 per ounce becomes the next crucial\nbarrier.<\/p>\n
Silver prices also soared by more than 4%, breaking through the US$76\nlevel or approximately Rp1.29 million per ounce.<\/p>\n
The tensions from the US-Iran war conflict also drove up global oil\nprices. Brent crude for June delivery rose 2.08% to US$96.83, while West\nTexas Intermediate (WTI) for May delivery jumped 2.86% to US$97.27.<\/p>\n
In its latest report, commodity analysts from BMO Capital Markets see\npotential for further increases in gold and silver as long as positive\nsentiment from conflict developments continues. In addition to\ngeopolitical factors, the outlook for interest rate cuts is driving gold\nprices.<\/p>\n
\u201cWith speculative positions that had dropped significantly since the\nconflict began, precious metals now have a strong foundation to continue\nrising as long as the flow of positive news persists,\u201d wrote BMO Capital\nMarkets analysts.<\/p>\n
Throughout March 2026, gold prices were recorded to have fallen by\nmore than 11%, marking the worst monthly decline since the early 1980s.\nPressure on precious metal assets arose because investors and central\nbanks were forced to sell gold to meet liquidity needs.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/global-gold-prices-soar-after-iran-accuses-us-of-breaching-ceasefire-1775724718", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }