【Iran Crisis】Trump Says the War Will End Soon, Gold Prices Immediately Stabilize and Rebound

2026-03-10 03:17:58

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U.S. President Trump stated that the Middle East war may come to an end, leading to a decline in the US dollar and oil prices, with oil prices falling by 10% and gold prices rising accordingly. The latest gold price is $5,176, up 0.8%, while silver prices increased by 2.6% to $89.3.

In fact, any signs indicating that the White House is prepared to end the war with Iran could ease the pressure on gold prices. The blockade of the Strait of Hormuz and Iran’s missile attacks on energy infrastructure caused oil prices to surge, raising concerns about inflation. Conversely, this also reduces the likelihood of rate cuts by the Federal Reserve and other central banks, as rising borrowing costs are usually unfavorable for gold.

Senior commodities strategist Daniel Ghali of TD Securities noted in a report that since the market has already priced out expectations of rate cuts, gold holdings face challenges. Although there are signs that traders are “buying the dip” in the spot market, overall trading volume remains limited and at normal levels.

Financial Hot Talk

Middle East conflict threatens oil supply. Will oil prices break $100? Could this impact the global economy?

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