Gold Surpasses $4,700 as Optimism Grows Over Ending Iran War
April 1, 2026906 ViewsRead Time: 1 Minutes
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Gold prices recorded a significant increase today, Wednesday, driven by rising expectations of an imminent end to the war between Iran and the United States, amid political statements indicating the possibility of de-escalation, according to Reuters.
Price Increase During Spot Trading
The price of gold in spot trading rose by about 0.8% to reach $4,705.6 per ounce, continuing its gains after a period of sharp fluctuations in global markets.
Trump's Statements Support the Market
This rise followed statements from U.S. President Donald Trump, in which he indicated that military operations in Iran could end within two weeks, even if the Strait of Hormuz remains closed, boosting investor confidence in the possibility of containing the crisis.
Recovery After Sharp Losses in March
The yellow metal faced significant pressure during March, recording its largest monthly decline since 2013, after losing about 13% of its value due to the repercussions of the war and geopolitical tensions.
Market Movements Between Risks and Optimism
The rise in gold reflects a balance between geopolitical fears and optimism regarding the end of the conflict, as investors turn to gold as a safe haven, while monitoring developments in the Middle East and their impact on global markets.
