Gold Trading Higher as the U.S. Extends as Ceasefire for Its War on Iran
Idag, 15:06
09:06 AM EDT, 04/22/2026 (MT Newswires) -- Gold rose early Wednesday following two losing sessions after the United States extended a ceasefire related to its war on Iran.
Gold for June delivery was last seen up $48.50 to US$4,768.10 per ounce.
The rise comes as U.S. President Trump on Tuesday extended a ceasefire due to expire today. The move comes as Iran refused to resume talks to end the war until the U.S. Navy ends a blockade of its ports. While the standoff continues, oil prices remain under US$100 per barrel, lowering fears high oil prices while result in surging inflation and rising interest rates.
"Gold trades firmer after a two-day decline, as Trump's extension of the ceasefire reduces the immediate risk of military escalation -- and with it the threat of a further inflationary oil price spike -- while also weighing on the dollar,"Saxo Bank noted.
Still, the dollar edged higher early, with the ICE dollar index last seen up 0.1 points to 98.50. Treasury yields were mixed, with the U.S. two-year note last seen paying 3.79%, up 1.1 basis points, while the yield on the 10-year note was down 0.9 points to 4.29%.
Gold Trading Higher as the U.S. Extends as Ceasefire for Its War on Iran
Idag, 15:06
09:06 AM EDT, 04/22/2026 (MT Newswires) -- Gold rose early Wednesday following two losing sessions after the United States extended a ceasefire related to its war on Iran.
Gold for June delivery was last seen up $48.50 to US$4,768.10 per ounce.
The rise comes as U.S. President Trump on Tuesday extended a ceasefire due to expire today. The move comes as Iran refused to resume talks to end the war until the U.S. Navy ends a blockade of its ports. While the standoff continues, oil prices remain under US$100 per barrel, lowering fears high oil prices while result in surging inflation and rising interest rates.
"Gold trades firmer after a two-day decline, as Trump's extension of the ceasefire reduces the immediate risk of military escalation -- and with it the threat of a further inflationary oil price spike -- while also weighing on the dollar,"Saxo Bank noted.
Still, the dollar edged higher early, with the ICE dollar index last seen up 0.1 points to 98.50. Treasury yields were mixed, with the U.S. two-year note last seen paying 3.79%, up 1.1 basis points, while the yield on the 10-year note was down 0.9 points to 4.29%.
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