{
    "success": true,
    "data": {
        "id": 1659961,
        "msgid": "gold-prices-freeze-as-traders-await-trump-iran-deadline-today-1775616743",
        "date": "2026-04-07 06:45:04",
        "title": "Gold Prices Freeze as Traders Await Trump-Iran Deadline Today",
        "author": "",
        "source": "CNBC",
        "tags": "",
        "topic": "Finance",
        "summary": "Gold prices remained nearly stagnant on Monday, closing at US$4,674.39 per troy ounce with a 0.6% decline, as investors awaited further signals on the US-Iran situation ahead of the Tuesday deadline for reopening the Strait of Hormuz. The ongoing five-week conflict has heightened geopolitical risks, potentially driving up oil prices and inflation, which could limit the Federal Reserve's room for policy easing and negatively impact gold as a hedge. Additional focus is on upcoming US economic data, including Fed minutes, PCE, and CPI, amid expectations of no rate cuts this year.",
        "content": "<p>Jakarta, CNBC Indonesia - Gold prices remained almost stationary as\ninvestors awaited further signals regarding the developments in the\nUnited States (US)-Iran situation ahead of the deadline for reopening\nthe Strait of Hormuz on Tuesday or today.<\/p>\n<p>According to Refinitiv, gold prices closed at US$4,674.39 per troy\nounce on Monday (6 April 2026), down 0.6%. Movements below 0.6% at\npresent can be categorised as \u201cfrozen\u201d given that over the past year,\ngold prices have more often fluctuated wildly by 2-3% per day.<\/p>\n<p>This weakening extended gold\u2019s suffering with a 2.3% decline over two\nconsecutive days.<\/p>\n<p>Gold prices began to strengthen today. On Tuesday (7 April 2026) at\n06:21 WIB, gold prices rose 0.6% to US$4,659.39 per troy ounce.<\/p>\n<p>Iran has stated its desire for a permanent end to the war with the US\nand Israel, and rejected pressure to immediately reopen the Strait of\nHormuz under a temporary ceasefire, amid efforts by both sides to draft\na framework for resolving the conflict that has lasted five weeks.<\/p>\n<p>US President Donald Trump has threatened to \u201crain hell\u201d on Tehran if\nno agreement is reached by Tuesday.<\/p>\n<p>\u201cFocus will likely remain on the war and interest rates. If the\nconflict drags on, oil prices will continue to rise along with supply\ntightening, thereby adding inflationary pressure,\u201d said Bart Melek, head\nof global commodity strategy at TD Securities, to Reuters.<\/p>\n<p>\u201cThis leaves central banks, particularly the Federal Reserve, with\nnarrower room to ease policy, and could even reignite discussions on\nrate hikes if energy prices keep rising, which is a negative sentiment\nfor gold,\u201d he added.<\/p>\n<p>Gold is widely regarded as a hedge against geopolitical risks and\ninflation. However, because it offers no interest yield, gold tends to\nbe less attractive when interest rates are high.<\/p>\n<p>Other factors drawing investor attention include the March Federal\nReserve policy meeting minutes to be released on Wednesday, US Personal\nConsumption Expenditures (PCE) data on Thursday, and the Consumer Price\nIndex (CPI) on Friday.<\/p>\n<p>The US central bank maintained interest rates last month, and the\nmajority of market participants now see almost no chance of the Fed\ncutting rates this year, according to the CME\u2019s FedWatch tool.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/gold-prices-freeze-as-traders-await-trump-iran-deadline-today-1775616743",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}