Gold Prices Are Rising, Investors Now Watch for an AS–Iran Peace Scenario

Gold prices are back up above US$ 4,800 per troy ounce on Thursday (16/4). Gold recovered from losses in the previous session as investors assessed the outlook for renegotiations and the potential for a long-term peace agreement between AS and Iran, which could help ease inflation pressures.
As quoted by Tradingeconomics, on Thursday (16/4), the report shows that AS and Teheran are considering extending their two-week ceasefire to give more time for talks, even though the Strait of Hormuz remains effectively closed under a double blockade.
Attention now turns to the possibility of a second round of AS–Iran discussions, which is expected to focus on reopening the strait and Iran’s nuclear enrichment program.
Gold has received support in recent weeks due to diplomatic progress in Timur Tengah, which reduces concerns about inflation and the possible tightening of central bank policies. However, this precious metal remains nearly 9% lower since the conflict began.
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