Gold Prices Edge Up as Traders Watch US-Iran Talks
Gold prices posted a modest gain in early Tuesday trading (April 28, 2026), as market participants closely monitored ongoing negotiations between the United States and Iran.
As of 07:46 WIB, gold futures for June 2026 delivery on the Commodity Exchange rose 0.3% to US$4,707.70 per troy ounce, up from US$4,693.79 in the previous session.
The slight uptick in gold prices reflects cautious sentiment among traders, who are evaluating renewed diplomatic efforts aimed at resolving tensions involving Iran. Safe-haven demand remains supported amid lingering geopolitical uncertainty.
According to Bloomberg, US President Donald Trump held a meeting with national security officials to discuss Iran’s latest peace proposal. However, White House Press Secretary Karoline Leavitt emphasized that the United States continues to uphold strict conditions in any agreement to end the conflict.
The statement follows reports that Tehran proposed a temporary deal involving the reopening of the Strait of Hormuz in exchange for lifting US blockades on vessels traveling to and from Iranian ports.
“An indefinite extension of the ceasefire, while the Strait of Hormuz remains restricted, would prolong market uncertainty,” said Marc Loeffert, a precious metals trader at Heraeus, as cited by Bloomberg.
Looking ahead, analysts suggest that a combination of economic stagnation and rising inflation could further strengthen gold’s long-term appeal as a safe-haven asset.