Gold Prices Rise for Third Straight Day on April 1, 2026 Amid Middle East Tensions Easing
Gold prices extended their gains on Wednesday morning (April 1, 2026), marking a third consecutive day of increases as geopolitical tensions showed signs of easing.
According to Bloomberg, as of 06:45 WIB, gold futures for June 2026 delivery on the Commodity Exchange were trading at $4,716.40 per troy ounce, up 0.81% from the previous session’s level of $4,678.60 per troy ounce.
The recent rally in gold prices comes after U.S. President Donald Trump signaled a potential end to the ongoing conflict with Iran within the next two to three weeks. The statement boosted market sentiment, reducing uncertainty surrounding global geopolitical risks.
Trump indicated that the United States had achieved most of its military objectives and may leave further developments in the Strait of Hormuz to other nations. This strategic shift has been closely watched by investors, particularly in the commodities and energy markets.
Meanwhile, Iranian state media reported that President Masoud Pezeshkian expressed readiness to end the conflict, provided certain conditions are met. This development has further contributed to easing tensions in the region.
Despite the current rebound, gold bullion recorded a sharp decline of nearly 12% in March. The prolonged conflict in the Middle East, now entering its fifth week, has disrupted global markets, threatened energy supplies, and raised concerns over rising inflation alongside slowing economic growth.