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#InstitutionalCapitalRotatesFromBTCToHYPEAndXRP
Gold Prices Rise on Friday (May 29) Morning, Supported by US-Iran Ceasefire Extension
Gold prices increased in trading on Friday (May 29, 2026) morning. At 07:15 WIB, the spot gold price was at US$ 4,498.77 per troy ounce, up 0.08% from the previous day which was at US$ 4,495.29 per troy ounce.
Gold prices rose after reports that the US and Iran have reached a tentative agreement to extend the ceasefire and are working to reach an agreement to end the war in the Middle East.
Quoting Bloomberg, the US and Iran are reported to have reached a 60-day tentative ceasefire agreement and will hold further negotiations on Tehran's nuclear program, according to someone familiar with the matter.
The agreement is still awaiting final approval from US President Donald Trump.
Gold prices have fallen nearly 15% since the end of February and have been trading within a narrow range since the initial decline at the start of the war, as traders consider conflicting signals about progress toward a ceasefire.