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Gold rises as US-Iran ceasefire, weaker dollar and lower oil drive XAU/USD near $4,735 up 0.70%
Gold rose on Wednesday but slipped from a three-week high of $4,857, and traded near $4,735, up over 0.70%. Falling Oil prices weakened the US Dollar, with the US Dollar Index (DXY) down 0.60% to 98.91, a four-week low. The US and Iran agreed to a two-week ceasefire on Tuesday, with talks due in Pakistan on Friday. Donald Trump said the truce depends on Iran reopening the Strait of Hormuz and said he received a 10-point proposal from Iran. Israel and Iran continued exchanges, and Israel also attacked Hezbollah positions in Lebanon. Kuwait and Saudi Arabia reported damage to energy facilities from attacks by Tehran. ... (full story)
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- Apr 9, 2026 4:57am Posted byFundamental Analysis211
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