Gold Volatile Amid Middle East Uncertainty

2026-04-23 00:20 By Jam Kaimo Samonte 1 min. read

Gold traded near $4,750 an ounce on Thursday, remaining volatile as markets continued to grapple with elevated uncertainty in the Middle East and the ongoing blockage of the Strait of Hormuz, which has kept energy prices high and inflation risks elevated.

Tehran has maintained control over the waterway, restricting nearly all international traffic and reportedly firing on commercial vessels this week.

The US has also upheld its blockade of Iranian ports to intensify pressure on the Islamic Republic, a move Tehran has condemned as a breach of the ceasefire.

Meanwhile, President Donald Trump said the current truce would remain in place indefinitely as Washington awaits a new peace proposal from Iran.

Gold has faced sustained pressure since the conflict began, as surging energy prices have fueled inflation concerns and raised the prospect of central bank rate hikes.

The precious metal is currently down roughly 10% since the onset of the war.



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Gold Volatile Amid Middle East Uncertainty
Gold traded near $4,750 an ounce on Thursday, remaining volatile as markets continued to grapple with elevated uncertainty in the Middle East and the ongoing blockage of the Strait of Hormuz, which has kept energy prices high and inflation risks elevated. Tehran has maintained control over the waterway, restricting nearly all international traffic and reportedly firing on commercial vessels this week. The US has also upheld its blockade of Iranian ports to intensify pressure on the Islamic Republic, a move Tehran has condemned as a breach of the ceasefire. Meanwhile, President Donald Trump said the current truce would remain in place indefinitely as Washington awaits a new peace proposal from Iran. Gold has faced sustained pressure since the conflict began, as surging energy prices have fueled inflation concerns and raised the prospect of central bank rate hikes. The precious metal is currently down roughly 10% since the onset of the war.
2026-04-23
Gold Rises as Trump Extends Iran Ceasefire
Gold rose above $4,750 an ounce on Wednesday, recouping some losses from the previous session after President Donald Trump extended the ceasefire with Iran, although plans for a second round of peace negotiations collapsed. Trump said he would delay further strikes until Iran presents a new proposal and negotiations are concluded. Meanwhile, reports indicated Vice President JD Vance canceled a planned trip to Islamabad for talks after Tehran informed the US via Pakistan that it would not take part in the meeting. Iran also stated it would not reopen the Strait of Hormuz while the US Navy continues intercepting vessels. Still, gold is currently down nearly 10% since the conflict began. The metal also faced additional pressure from the Senate confirmation hearing of Federal Reserve Chair nominee Kevin Warsh, who pledged to act independently. He called for a new framework to address persistent inflation but did not provide further specifics.
2026-04-22
Gold Holds Decline as Peace Talks Stall
Gold held below $4,750 an ounce on Wednesday after dropping more than 2% in the previous session, as plans for a second round of US-Iran peace negotiations collapsed, although President Donald Trump extended the ceasefire. Reports indicated Vice President JD Vance canceled a planned trip to Islamabad for talks after Tehran informed the US via Pakistan that it would not take part in the meeting. Iran also stated it would not reopen the Strait of Hormuz while the US Navy continues intercepting vessels. Meanwhile, Trump said he would delay further strikes until Iran presents a new proposal and negotiations are concluded. Gold is currently down roughly 10% since the conflict began. The metal also faced additional pressure from the Senate confirmation hearing of Federal Reserve Chair nominee Kevin Warsh, who pledged to act independently. He called for a new framework to address persistent inflation but did not provide further specifics.
2026-04-21