Gold rises 2.3%, extends gains after Trump announces Iran ceasefire pause

April 8, 2026

Gold prices surged Wednesday as President Trump announced a two-week pause in attacks on Iran, easing inflation fears. Spot gold climbed significantly, with futures also seeing gains. This diplomatic development, brokered by Pakistan, opens the door for negotiations. Key price levels for gold and silver are being closely watched by traders.

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RIL, HPCL and other downstream stocks soar up to 9% as crude crashes 15% after the US-Iran ceasefire. What’s next for investors?

Indian oil, Reliance, Hindustan Petroleum, Bharat Petroleum shares rallied up to 9% as crude prices plunged nearly 15% following a US-Iran ceasefire announcement, easing fears

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