Gotrade News - Gold prices traded in a narrow band near $4,475 an ounce as two geopolitical forces pulled in opposite directions. Safe-haven demand supported the metal, while hopes for Middle East peace capped any rally.
According to IDX Channel, spot gold rose 0.91 percent to $4,475.29 an ounce on Thursday. A weaker US dollar and falling bond yields were the main supports behind the move.
Key Takeaways
Spot gold hovered near $4,475 an ounce as the US dollar softened.
An Israel-Lebanon ceasefire pressured the dollar yet capped further price gains.
The near-term direction hinges on uncertain US-Iran negotiations ahead.
Safe-haven sentiment remains firm because Middle East geopolitical tension has not fully eased. Investors continue to favor gold as a hedge while regional friction adds to broader market uncertainty.
Other precious metals climbed alongside bullion, with silver rising to $73.52 an ounce on the session. Platinum and palladium each added roughly one percent as safe-haven flows broadened across the complex.
On the other side, the Israel-Lebanon ceasefire has revived optimism about regional stability for many traders. That peace hope actually restrains gold gains by reducing the urgency to buy protective assets.
According to Liputan6, metals trader Tai Wong said ceasefire reports pressured the US dollar and bond yields. Those factors helped gold hold above its 200-day moving average, a closely watched technical level.
Wong added that fresh record highs would require a permanent ceasefire deal with Iran. Without that clarity, gold tends to trade sideways with no decisive direction over the short term.
Uncertainty around US-Iran talks remains the key variable holding gold back from a larger breakout. Oil prices also fell more than three percent on expectations the Strait of Hormuz could reopen.
A US dollar down about 0.2 percent and softer Treasury yields together provided gold its fuel. Both factors make the non-yielding metal more attractive than interest-bearing assets for global investors.
As reported by Kompas, consultancy Metals Focus projects an average gold price of $4,920 an ounce in the second half of 2026. That figure sits well below the record $5,595 an ounce set back in January.
The World Gold Council views geopolitical factors as a central element in the global gold demand outlook. The theme matters for international investors weighing diversification across US-listed assets amid the uncertainty.
Metals Focus even estimates physical gold investment will surpass jewelry demand globally for the first time. That shift signals enduring investor appetite for gold as a long-term hedge against instability.
For now the market prefers to wait for clarity from the negotiating table before taking large positions. Gold stays a favored hedge, but its path will be set by how regional geopolitics resolves.
Gotrade is the trading name of Gotrade Securities Inc., which is registered with and supervised by the Labuan Financial Services Authority (LFSA). This content is for educational purposes only and does not constitute financial advice. Always do your own research (DYOR) before investing.
