Thursday, April 23, 2026

Business News

Gold prices surge as US-Iran ceasefire extension eases inflation fears

Gold prices rose on Wednesday as a decline in oil prices - following the United States’ extension of a ceasefire with Iran - helped ease concerns over rising inflation and the prospect of further interest rate hikes.

ONA

info@thearabianstories.com

Wednesday, April 22, 2026

TOKYO – Gold rose 0.9 percent in spot trading to $4,755.11 an ounce, after falling on Tuesday to its lowest level since April 13.

U.S. gold futures for June delivery rose 1.1 percent to $4,772.90.

Among other precious metals, silver rose 1.5 percent to $77.84 an ounce in spot trading, platinum gained 1.5 percent to $2,067.25, and palladium climbed 1.8 percent to $1,560.31.

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