Gold surged to $4,850 per ounce today (Wednesday), April 8, 2026, gaining over 3% as the US-Iran two-week ceasefire triggered a sharp reversal in the dollar and oil markets. Silver outperformed with a nearly 7% rally to $77 per ounce, its highest level since March 18. The ceasefire announcement followed President Trump's acceptance of a 10-point Iranian proposal as a starting point for negotiations. Oil fell below $100 per barrel for the first time since the conflict began in late February, removing the inflationary pressure that had been the primary headwind for precious metals. "Gold is rising nearly 2% today on ... (full story)