Gold: Ceasefire lifts prices as traders watch Hormuz – DBS
Ni FXStreet Insights Team
Na-update: 8 Apr 2026
Sikat na Artikulo
DBS Group Research’s Eugene Leow notes that Gold surged over 2% to above USD4800 after a two-week ceasefire between the US and Iran reduced immediate escalation risks.
DBS Group Research’s Eugene Leow notes that Gold surged over 2% to above USD4800 after a two-week ceasefire between the US and Iran reduced immediate escalation risks. He highlights that the sustainability of this truce and the recovery of shipping volumes through the Strait of Hormuz will guide Gold’s next move, while structural demand, including continued PBoC buying, remains supportive.
Ceasefire reprices risk and supports bullion
"Gold rallied following this morning's announcement of a two-week ceasefire between the US and Iran."
"Looking ahead, the sustainability of this temporary truce will likely dictate the next directional move for gold."
"If vessel throughput normalises to a credible rate during this two-week window, it will establish a favorable foundation for a more definitive, long-term ceasefire that should continue to support gold's upward trajectory."
"Beyond these geopolitical swings, gold's structural demand remains robust. The PBoC extended its purchasing streak to a 17th consecutive month in March, adding 160,000 troy ounces to its reserves."
(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor.)
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