Global Gold Prices Relatively Stable with 0.8 Percent Drop Due to US-Iran Ceasefire

The ceasefire between Iran and the United States (US) has made the movement of global gold prices relatively stable. Citing Reuters on Thursday (9/4/2026), the spot gold price stood at $4,715.42 (approximately Rp 80.2 million) per troy ounce. Meanwhile, the US gold futures contract for June 2026 delivery fell 0.8 percent to $4,739.20 (Rp 80.7 million) per troy ounce. The US-Iran ceasefire is acknowledged to have calmed the markets, reducing the burden of inflationary pressures. Such a situation is expected to continue, although it is recognised as still vulnerable to renewed turbulence due to the absence of a peace agreement. “However, the situation remains very fragile. There are so many elements that need to be negotiated. Everything could fall apart, and the recovery in all markets could be short-term. We are not yet out of trouble,” it added. The domino effect of the conflict will persist in the long term, even if the war eventually ends, as the situation will not return to what it was before. “The consequences of war will never be limited within Iran’s borders, but shock-absorbing mechanisms have not yet been implemented to reduce the damage. The direct impact of the war in Iran is regional, but the danger is global,” reported Time on Thursday (9/4/2026). Both sides face ongoing struggles just to ensure their people survive. For this ceasefire to be effective, the shipping route through the Strait of Hormuz must be opened. It is not only an energy issue, but also involves ships carrying humanitarian aid and global fertiliser supplies that must pass through there. “This requires freeing up humanitarian aid supplies stuck in Dubai and also enabling 30 percent of the world’s fertiliser supply, which is vital for food production,” explained Time. The International Red Cross revealed that if the Strait of Hormuz remains closed until June 2026, the world will face not only an energy crisis but also a food crisis.